Massive Black Horse Chromite Discovery

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

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Message: Multiple Voting

Cinema Snow: There seems to be a great deal of confusion over the creation of another class of shares other than common shares, i.e., Class B. Even after talking to Mark my conclusion for myself will be to sell all my KWG shares immediately when the Class B come on the Market ( there should be a move up for the common shares) wait for the price to fall of the Class B shares (It has been my experience that the price of an initial public offering usually falls after its first run up), buy The Class B shares at the lower price then use the margin (50% of the cost of the Class B shares I buy) to buy back KWG common shares which I think will have settled down to a lower price then when the Class B shares are first offered (but eventually be a good investment if I want to wait a year or two or three). I'm probably all wrong but I don't think the Company is doing the common share holders a favor. I have quite a few shares. I think this is another way of fishing me in and I don't like it. At least with a reverse split one knows your investment is going to take a tumble.

Maybe I'll just wait for the Class B shares to be offered, as I do expect the common shares to take a run up initially, and just get out while I'm ahead, then put my money elsewhere. If someone can show me dollar figures where my thinking is skewed I'm willing to listen.

I think I'm in the green right now.

I don't want this to be considered a bashing of KWG. I'm fairly heavily invested in the ROF and I think any move of any ROF Co., to increase shareholder value will promote the ROF. My question is whether or not the KWG board will be increasing shareholder value by this move?

Gleegee.

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