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: KWG Announces Normal Course Issuer Bid Wednesday, October 05, 2011 MONTREAL, QUE

I like this move. Buy back shares when you think the market is not respecting your price and reduce the numbe of O/S shares. Does it not make sense to buy back 5% at say 8 cents, release some news and if you have to do a PP at 16-20 cents. There may be something else to this. By taking 5% of the shares off the Board does this not increase the CLF overall %? CLF would have to sell to keep their same %.

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