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I Talked To KWG's OFFICE Today

I talked with Bruce Hodgman of Kwg Resources.

.



I asked him about the Railroad.


He replied that everything is going to plan and that they have now staked two possible routes and they have hired Krech Ojard & Associates to provide the engineering services for the construction of the railroad link to the ROF (see press release on KWG site dated Sept 24).


I asked him about Cliffs and the Chrome Deposits.


He replied that Cliffs is very committed to this project and that the chrome is of the highest quality and would match or better other deposits in the world.


I asked him about the Smelter, if they have finalized a site.


He replied, as you know that a very large amount of electricity is required for the running of the smelter, they have looked into a few possible sites but no final site has been chosen.


I asked him about the on-going drilling.


He replied that they are still drilling and that the committee that has been set up, reviews and plans all drilling. The drill results is passed on to us (visuals only). The last drill cores were sent out for assays and those results should be released in mid November.


Thats it for now.......RL



over 14 years ago
Noront Shares - George / Snezzer

George:


1st off, thank you very much for commenting on my Post, something that I was not expecting.


2nd, I cannot express enough gratitude towards you and the Agoracom Staff, plus all of the fantastic POSTERS on this forum. It is one of the most educational centres on the web.


I agree with you 100% on Noront having incredible potential, and my shares having a voice in the past.


I no longer felt comfortable with owning shares in Noront so I sold the last of them early afternoon.


Now, would I have done the same knowing that Noront cancelled and cut a tremendous tie for advertising to the general public?.


I don't know, But this has really pissed me off, and I feel that it is only a select few Mongolian Tit Suckers within the Noront Management, oh, excuse me, I should have said, a few spoiled apples that has given me a bad taste.


Snezzer:


I have not gone any where, I still would like to continue to post the Commodities Report on a daily basis and other related topics. If that is ok with this Forum.


If my re-allocating investments pay sooner than I think, I will be buying back in.


Great investments going forward to all.............RL




about 15 years ago
Re: Brainstorming - Trench

Good evening yaba


You said, The biggest concern for Freewest is being able to get our chrome out of the ROF and to our customers.


Just to bring you up to speed, getting the chrome out is not Freewest's biggest concern.


Freewest has said that they are not miners, but explorers, they do not intend to mine this but sell it to the best offer or to the highest bidder.


And as far as the boat system, they have ruled that out.


They are considering mining and stock piling the ore until freeze up.


They then will transport all the ore out by dog (husky) trains.


Each dog train will have 80 dogs pulling a stone boat, a stone boat is a flat bottom boat that will hold about 1000 lbs of raw ore. They plan putting in rest stops every 60 miles with a fire hydrant close by. They will have several hundred dog trains running 24-7.


This is still in the planning stages.


Have A GREAT NITE


......RL

over 14 years ago
TSX sets the bar for takeover-deal voting




Canada's largest shareholders say they will expect major public companies to immediately abide by new takeover rules unveiled yesterday by the Toronto Stock Exchange, even though the standards will not take effect for two months.


The TSX said it has approved a new rule giving shareholders the right to vote on takeover deals if their ownership level will be diluted by more than 25 per cent as part of the transaction, bowing to a chorus of demands from institutional investors who have lobbied for a voice in deals that affect their ownership stakes.


The new requirement will take effect Nov. 24 and will not be retroactive. That means a company will not have to hold a vote on any deal the TSX has been notified about prior to Nov. 24, whether or not the deal has been approved.


Stephen Griggs, executive director of the Canadian Coalition for Good Governance, which represents many institutional investors, said he is pleased Canada is adopting the same standard already in place in many other major countries. But he said he would have liked to see the rule in place immediately. "Any transaction that is sort of rushed through to take advantage of this temporary loophole would be looked on very unfavorably by investors," Mr. Griggs said.


The exchange had proposed a new rule in April to give shareholders a vote when a company planned to issue shares to pay for an acquisition if the dilution would have exceeded 50 per cent. That proposal faced a wall of opposition from shareholders who said the dilution level was too high.


Kevan Cowan, group head of equities at TMX Group Inc., which operates the TSX, said the comments were "near unanimous" in requesting a lower voting trigger, and said the new threshold will bring the TSX in line with those of most other global exchanges.


"We feel that when you have the investors speaking out this loudly, it is important for the future of our extremely successful public equity markets that they continue to have the confidence to invest," he said.


Mr. Cowan said the TSX has adopted a two-month implementation period for the rule in case companies are already in talks on a deal and had counted on having it approved under the current regime.


Shareholders have been urging reform on takeover deal voting since 2006 when Goldcorp Inc. shareholder Robert McEwen launched a court battle to try to force a vote on Goldcorp's proposed takeover of Glamis Gold Ltd., which diluted Goldcorp's outstanding shares by 67 per cent.

over 14 years ago
Re: HOOV NOT's predatory pricing - Hoov is Hoov

Hoov is Hoov and he will never change.


THANK GOD FOR THAT


He's like a Public Library, and he is willing to share that information with all of us and its all free and endless.


I for one thank you very much for sharing.


Have a great day Hoov........RL

over 14 years ago
DEAL or NO DEAL

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I think that will be the question.


Freewest states:


This settlement on the Shareholder Rights Plan gives us sufficient time to reach a value-enhancing agreement with the third party and to sign a definitive agreement by December 1, all to the benefit of Freewest's shareholders", added Mr. Watson.


Noront States:


We encourage Freewest shareholders to take this opportunity to realize the full and fair value of our Offer, which is the only outstanding offer, and to tender their shares. Mr. Hanson further stated, "We note the entering into of a confidentiality and exclusivity agreement by Freewest with a single, unnamed party on the 40th day following the original announcement of our intention to make the Offer. Typically, parties seek to canvass all strategic alternatives and we are surprised that Freewest has essentially admitted at this stage that the range of options available to them consist only of the certainty of the Noront bid and the uncertainty of one unnamed offeror. This confirms our view that Noront's offer is the only realistic opportunity for Freewest to consummate a transaction which maximizes value for its shareholders."


I like the DEAL Freewest has to offer, there reply is short and speaks volumes......


.....sufficient time to reach a value-enhancing agreement with the third party and to sign a definitive agreement by December 1, all to the benefit of Freewest's shareholders",


I still like that...all to the Benefit of Freewest's Shareholders.


Have a great nite


Xmas comes early


.......RL

over 14 years ago
RockLicker
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The Nickel Capital
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