The Destruction Of KWG
posted on
Dec 31, 2013 11:04AM
Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%
Today, December 31st. I would like to share my personal observations of what I feel has been a very orchestrated campaign to bring KWG to it's knees by suppressing the share price since at least November 2010. A little background - November 17th, 2010 after a very hard fought battle for SPQ, KWG withdrew their dissent re the offer from Ciffs for SPQ. KWG was trading at that time around .105 and like most stocks on the Venture, the price varied as to the bid and ask each day. Since 2010, we have witnessed a very slow decline in share price to our present . 04 - .045 with the odd .035 thrown in. KWG throughout these past three years made many positive announcements and yet in almost every case, before we could see any kind of upward movement, the shareprice in many instances acually went DOWN after the positive announcement. I made many calls to KWG IR and almost always asked if they had any idea who was responsible for this negative response to any good announcements and by their feigned ignorance, was advised they had no idea at all as to who would deliberately suppress the shareprice after a positive announcement. I cannot believe that KWG management does not or did not know who was behind this very evident program of bringing KWG to their knees by continually throwing more shares at low prices to stop any kind of upward movement. We have recently witnessed one of our senior managers purchase millions of shares at the .04 - 045 range. Have we been pointing our fingers at the wrong bogey-man? Management has tried numerous times to bring in a reverse split, couched in different language with ultimately the same result. A reverse split by any other name is still a reverse split. This share suppression over the past more than 3 years certainly cries out for some kind of investigation, and why is management not demanding such? With Cliff's withdrawal, only two active companies remain in the ROF, NOT and KWG. Look at NOT share price the past few weeks, almost doubled from a low of .15 to .29 today and yet, we were trading at .04 the past few days. Checking level two, you will see many different brokerage firms all with what seems the same goal, keep KWG low. Many times trading in house to get a low daily price, either on the open or the close. We see throughout the day sometimes asks in the millions and then removed, and then re-appear. This AM before opening at 0730 AST the asks were 24 @ .045. Then at 0823 asks 365 @ .045. This has been going on for months. This is NOT normal trading. What other stock, at least in the ROF is being manipulated this way? As for the argument, possibly put forward by many, "oh just wait, with all the good news being announced, we will see a rise in shareprice". I say BS!. We have had far too many good announcement and yet the price drifts lower and lower. Many have also blamed the last PP for the share price remaining so low, the PP is over and yet we are still seeing lots of shares trading at .04 and far too many being offered at .045. Question, am I the only one seeing this or are all of my fellow shareholders content to wait for that one REALLY big announcement then will see our share price finally go over the top? After the past, at least three years of manipulation, I say enough is enough, and more voices need to join the fray and demand some answers, both from KWG management, and the Regulatory Authorities. RJ
PS: Happy New Year to all!