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Discuss the various junior resource companies within the McFaulds Lake Area
Message: Re: Da Rock’s Bet onna Ring ….issa KWG……anna Why- Repost Formatted
Da Rock’s Bet onna Ring ….issa KWG……anna Why
Kareem,
Da Rock agreeds dat……….SPQ drillin’ now ………….issa most excitin’ prospect
Forest,
Da Rock agreeds wit ya…………Ma... Cap issa supreme………&hell... investors are often caught up inna excitement………&h... low share price………..anna not willin’ ta pay dollars fo’ a share!
Dis issa a main tennent o’ da Rock’s investment philosophy…….low, low, low share price!
Also difficult ta calculate value per share price………witness da Rock’s difficulty inna calculatin’ for FWR option drillin’ below:
| Co Symbol | Share Price | Shares Out Mill | Mkt Cap $M | % FWR OptionClaim | %claim/sp |
| FWR | $ 0.435 | 219 | 95 | 35% | 0.00367 |
| SPQ | $ 0.135 | 369 | 50 | 33% | 0.00652 |
| KWG | $ 0.105 | 398 | 42 | 33% | 0.00778 |
Da Rock believes KWG shows most value …………&hel... largest piece o’ claim per cent o’ share price………&hellip... ………dis issa difficult ta see………anna confusin’ ta calculate!(please correct me iffa I am wrong).
Also……..big assumption………..... company only givin’ value fo’ dis FWR option drillin’ anna notin’ else.
Da Rock believes KWG shows mo’ value………&hellip... dere’s also value inna Debut’s Diamonds spinout workin’ onna kimberlite bulk tests………nexta Debeers Victor diamond operations!
Brew,
Da Rock agreed wit ya, …………low share price stock ta preserve capital……..onna downside iffa no hit……….also other potential projects/prospects wit SPQ/FWR vs FNC/Probe.
PW,
Da Rock believes fo’ dis SPQ/FWG option o’ FWR claim da percentages are: FWR – 35%KWG – 33%SPQ – 33%
Assa per following PR from KWG
|
MONTREAL, CANADA, Feb 19, 2008 (Marketwire via COMTEX News Network) -- KWG Resources Inc. (TSX VENTURE:KWG) will not proceed with a second tranche of the $3,000,000 private placement, as announced in December. The Company closed $2.1 million of this placement at the end of 2007. KWG and its JV partner Spider Resources Inc (TSX VENTURE:SPQ) have budgeted $2.2 million to drill the targets identified in the claims optioned from Freewest Resources Canada Inc (TSX VENTURE:FWR) in an initial program this winter. Drilling is expected to commence there within the next two weeks when line-cutting and on-ground geophysical definition of the targets is completed. KWG and Spider have an equal interest in the option, under which they may together earn up to a 65% interest in the property. Both companies also have equivalent interests in various other joint ventures between them, including the extensive McFaulds Lake properties optioned to UC Resources Inc (TSX VENTURE:UC). "It is important that the investing public understands how KWG and Spider are completely equal in their interests that are adjacent to the recent Noront discovery in the so-called Ring of Fire", said KWG president Frank Smeenk. As also previously announced, three 100-ton bulk samples of the MacFadyen kimberlites are planned for this winter season. Pursuant to the MacFadyen KWG-Spider Joint Venture, KWG may dilute the interest of Spider to 33%. The Company has initiated steps to transfer the property to subsidiary Debuts Diamonds Inc. KWG plans to distribute the shares of Debuts Diamonds Inc as a return-of-capital dividend to shareholders of record at a future date to be announced. Shares issued and outstanding: 262,863,821 SOURCE: KWG Resources Inc. KWG Resources Inc. Bruce Hodgman Communications Director 905-582-9744 info@kwgresources.com KWG Resources Inc. Michel Cote Director 514-866-6001 - Ext. 266 514-866-6193 (FAX) www.kwgresources.com Copyright (C) 2008 Marketwire. All rights reserved. |
Just da way I see dat!
HardRock
2 Recommendations
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