Massive Black Horse Chromite Discovery

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

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Message: Re: Cliff's Dumping KWG?
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rj
Dec 16, 2014 08:49AM
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Dec 16, 2014 10:48AM
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Dec 16, 2014 11:30AM
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Dec 16, 2014 12:40PM
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Dec 16, 2014 01:44PM
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Dec 16, 2014 03:39PM
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Dec 18, 2014 12:06AM

Goldhunter, the first amount of shares sold by FNC should be 2,380,000, and not '388,000'. The formatting/spacing isn't right in the post.

If you add the listed amounts, it comes to 10 million shares.

2,388,000 of KWG’s shares at a price of $0.04 per share, 1,952,000 at a price of $0.045 per share, 1,155,000 at a price of $0.05 per share,1,000,000 at a price of $0.055 per share and 520,000 at a price of $0.06 per share, for total proceeds of $327,310. The remaining 2,985,000 shares were subsequently disposed at $0.035 - $0.04 per share.

Yes, CLF's 100m sharers on the market would certainly drive the sp down. FNC's 10m did that, which might be part of the reason they were sold. FNC will get more KWG shares in settlement for the Joint Venture Bold claims if the price is low, and they can use the cash anyway.

There are many possible different combinations of CLF assets we might get by purchase or in settlement of litigation etc. None will happen unless we get cash or a backer, even litigation needs money to be any use.

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Dec 18, 2014 12:41PM
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