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.
It is old news and it is just to indicate that the TSXv has accepted the filing as you indicate.
However, I think some people here are missing the bigger picture. Earlier today, I posted that house 33 was accumulating again. I only got 1 thumb for that which tells me most miss the point of my post. House 33, Cannacord has now bought 1.4M shares for $375k since January 26th. This accumulation has been steady and smells institutional. The fact that they are still buying pretty heavy even at 28 is a very positive sign.
The company is doing lots of things very right at this time and attracting an institution to buy in the open market is another feather in their cap. Our share price is going up incrementally but fairly powerfully. Level 2 shows how much interest we have every day right now. That wall at 30 will come down fast when we get there IMO.
Patience will be rewarded here and I would not be surprised to be in the high 30s or low 40s after the next 1-2 NRs of consequence.