Re: KWG Creates Debuts Diamonds Subsidiary
in response to
by
posted on
Nov 26, 2007 07:17AM
Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%
So how does this really work? Sounds too good to be true. I knew Northern would be the agent for private placement because their buys were suspiciously high last week. They have seen all the books and will act as agent.
I recently added 200,000 shares over past couple weeks at around 10 ¢ range. My total holdings 510,000 shares currently.
So I get 170,000 shares of the new Debuts Diamonds, PLUS continue holding my 510,000 shares of KWG ?
Should we see a price drop equal to the value of Diamond spinoff ? 3.75¢/share ( $3.0M divided by 80M shares = $0.0375) or is this separate 100% from KWG shareprice ?
Thanks in advance for any help.