Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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Message: Re: Re...Insider selling..!?ReadyZed....
2
Apr 10, 2010 11:26AM
2
Apr 10, 2010 08:12PM

Good morning RR, I think Stevie Ray has already explained this but KWG is in the middle of a private placement.

in other words, if Frank sells 3.5 million shares for 13 cents then within 5 minutes he buys 3.5 million shares in the pp for 12 cents he can pocket some cash and still have 3.5 million shares. furthermore he now has a half warrant to buy another 1.75 million shares within two years at his descretion. he's just increased his exposure in kwg by 50% and pocketed some money.

If he DIDN'T do this then i would sell my shares ....because our CEO would be a morron in my opinion.

This isn't a bad thing............it is a GOOD thing.

Frank CAN'T sell these new shares for four months. That should give you some confidence that things are stable from his perspective.

Please remember....that I have no knowledge that Frank has in fact done this.......however, it is a pretty good bet.

jmo

Carry

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