KWG Resources Inc C.CACR

Run forest run

[startenout]

https://www.mining.com/web/australian-tycoon-forrest-shuts-nickel-mines-after-prices-crash/

[ClayTaurus]

Twiggy = Wayne Kerr   

[lou64]

Looks like Wyloo's big ambitions to sell to China has failed and investment falls flat on the CO's face ! https://www.abc.net.au/news/2024-01-22/andrew-forrest-company-to-close-kambalda-nickel-mines-wa/103375250

[fordtrucks]

I'm still in wonder why canada can't see its own riches an learn to develope our oils and minerals ourselves. We give all the money away an try to lead in things like green energy when the world's not ready yet. Allowing companies from other countries is not the answer push them out calm the imagination flow and play catch up for canada first. AXE THE TAX lol I'm voting for Pierre.

[lou64]

That's what you get when a Co gets into a hurry to buy  into poor quality nickel mining play that cost more because of high cost of blending and Chinese refusing to pay for those high costs ... A basic 760 million buck FLOP !!!!!!!!!!!!!!!!!!!

[fordtrucks]

Canada's people first where is the confusion

[Mistyblue]

10 - 4   FT......

[lou64]

Forrest Gump's investment in Aussie mine is now in write off phase next !!! He crying to LME now about the way they are pricing nickel that his mine can not compete against China ...  What's his next whine to ? Indonesian Gov't for allowing the CHEAP Chinese investment that is taking their resources back to China for next to NOTHING ? Sad but true Gump has wasted his money and

[lou64]

FYI ... https://www.afr.com/companies/mining/forrest-shuts-wa-mines-as-nickel-dominoes-tumble-20240121-p5eyvo

[wheelsonthebuss]

[fordtrucks]

So what were saying Lou is kwg with its patten an conveyor rail is able to compete and maybe even control the price somewhat, this is what I want to talk about screw forest he is a dead issue let's be positive about kwg being the savior here if that's possible no pumping , just use the facts

[lou64]

Dead issue ? The writing is on the wall that Wyloo " CAN NOT " mine in Australia and ship to North America and you believe that Gump / Wyloo is dead issue ? Man the dude just got screw ed by the Chinese and those are the same players he been selling his iron ore ... 760  million and needs to shutdown says plenty in his dd with those business partners ... Chinese just played him

[ClayTaurus]

Only a Wayne Kerr would have a Lucky Jackovaggie take over a company for him.

[lou64]

Exactly as I said !! whining to the gov't because of poor quality nickel that can't be sold in China without subsidies  https://www.afr.com/companies/mining/forrest-wants-tax-credits-royalty-relief-to-save-nickel-industry-20240123-p5ezio

[lou64]

Karma ?? Happens when to screw around others then bites you !!! https://www.channelnewsasia.com/business/exclusive-fortescue-faces-rare-delays-china-iron-ore-customs-clearance-sources-4067926

[fordtrucks]

You know me Lou my question revolves around your comment, how's does this benefit or hurt kwg its always nice to acknowledge this when pointing out what a money grabber forest is. Are we getting anywhere in negotiations with all the parties if so why are we still a big secret any one that can brighten my day up with some actual facts we be aprecieted glta

[Mistyblue]

FT, the  present situation will remain until such time as the government changes. Every month with no progress in FN consultation or reconcilation results in continued hardships for FN in the RoF hence no progress which is just the way jT wants it...  MB...

[lou64]

The dude BS and isn't able to complete the ROF unless he gets help ... His business is showing cracks and he lacks the savy to negotiate with First Nations involved ....  He dreams but will not fulfill the necessary skills to pull off ... BHP was better suited !!! His business model of mining / transporting clashes with is so- called green personality he has pumped but miraculous change