Retail Shareholders get the shaft again
posted on
Jul 21, 2016 02:22PM
Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%
I owe apologies to the retail shareholders of KWG. I do not vote at Shareholder meetings and I am willing to let the larger entities within business decide our futures. In this most recent development I believe I have made a huge error.
The ability to raise capital within junior resource companies is paramount. This share proposal put forth by KWG had merit. Maybe too much in the sense that it Scared our largest shareholders in fear of their own survival in the Ring.
If this share deal worked the way it could have and our share price climbed higher it would have made it better for KWG and NOT retail shareholders. I perceive the decision not to support the resolution by NOT as self preservation. My belief is that if it was approved it would draw much needed attention to the Ring. Lift all values of compainies in the Ring as development would have shown greater ability to progress.
Knowing the the majority of interest and holdings in NO, are not in retail. Their interests in keeping control, share prices low, stagnation, lack of interest by investors, failure to engage in true partnerships with Native communities. I believe plays well into a plan I see as a opportunity being created to unconditionally dominate the mineral play in the ring.
They seem to be committed to a Big picture view. Profits profits profits in the future but current stagnation untill control is acquired.
I view this to be in the best interest of majors but not the individual deposits/ mines that are currently viable. Our government does the same. Don't make it bigger than it is. Take baby steps. Slow development NOT no development. Partner with all. Mistakes will happen along the journey, correct them as we go.
GLTA, merjr