KWG Resources Inc.

Exploration stage company that is participating in the discovery, delineation and development of chromite deposits in the James Bay Lowlands of Northern Ontario. These deposits are globally significant source of chromite which may be refined into ferrochrome, a principal ingredient in the manufacture of stainless steel.
next offer
over 14 years ago
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in response to pdcon1's message

I like your thinking and I look forward to your assertion coming to pass. Let me pose a contrarian view on the initial stages. CLF floods the market with enough shares to knock out momentum on the buys. People decide to wait for the sp to drop lower at 11.5 or 12. Some decide to sell and pick up at these prices reducing the need for CLF to drop their own shares into the market.

There is certainly the sense for some that, with the CLF offer at .13, one is safe holding at that price, but until that offer is made official, it is thin ice. CLF could say they are postponing their bid and the sp would drop, leaving investors scurrying for the doors. Many variables to consider.

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Sum4All
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Rank
Vice President
Activity Points
35922
Rating
Your Rating
Date Joined
09/04/2007
Social Links
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KWG Resources Inc.
Symbol
KWG
Exchange
CSE
Shares
1,140,494,718 FD, Aug 20/16
Industry
Metals & Minerals
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