Massive Black Horse Chromite Discovery

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

Free
Message: Re: share dilution???
12
Apr 29, 2014 09:12AM
3
Apr 29, 2014 09:26AM
3
Apr 29, 2014 04:15PM

I think the original agreement with Freewest & SPQ allowed KWG to earn a bit more interest in BT by doing work, which KWG did, so earning a greater than 30% interest.

The split was originally something like FWR 40% & SPQ & KWG 30% each. So, if the merger of SPQ & KWG had gone through, the combined co. would have had 60%, but instead SPQ sold out to CLF, so they had 40+30, or 70%

3
rj
Apr 29, 2014 06:01PM
Share
New Message
Please login to post a reply