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KWG Discusses Recent Conversation with Noront Resources After Proposed Acquisition of Cliffs Chromite Announced

With us today is Frank C. Smeenk President & Chief Executive Officer of KWG Resources Inc. Mr. Smeenk discusses recent conversation with Noront Resources after proposed acquisition of Cliffs Chromite was announced.

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Message: Tom LaSorda a new hire of Fisker Automotive !

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Re: Tom LaSorda a new hire of Fisker Automotive !

posted on Feb 15, 12 04:46PM

Thanks Paul, it works fine. That is very interesting especially how they emphasized that at the end of the interview regarding A123. My only concern here is that I believe they will search for a company with deep pockets, they are currently searching for more funding. I don't think Electrovaya has that kind of money to invest in Fisker, but still a definate possibility. Let me share a couple other interesting tidbits. Bruce Coventry, electrovaya's VP was formerly the CEO of Global Electric Motorcars which was a division of Chrysler. Last year they were bought out by Polaris and they currently do not use lithium batteries only lead-acid. Also what nobody has seemed to notice Electrovaya formed a Danish corporation in Sept. last year-Electrovaya ApS "for the purpose of carrying out our business activities in Denmark and potentially surrounding countries". I think they have some developing opportunities there as well. I have been monitoring the local job bank and as I reported a while ago the hiring still continues. I believe they have something big in the works.

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