Friday, April 06, 2012 3:02:41 PM
kwg now is a joint venture partner with cliffs on the big daddy project. As cliffs bought out the third partner spider, this gives cliffs the majority vote each year to establish themselves as operator of the project site ongoing.. More importantly right now is the fact that cliffs is late in reporting drillings that will probably at least double the resource holdings of big daddy ore body. Cliffs is also late and as yet withholding (real world furnace testing) of the big daddy ore body affirming earlier lab testing that proved big daddy ore as the best quality and cheapest to process in the world. These tests were done and finished in february of this year and reports of the same testing should have been completed within two weeks later by middle of march. KWG is activley waiting for cliffs as project operator to report to kwg these results at which time kwg will make suitable announcements on joint venture and all drillings and testings. Time is closing in on cliffs as they are legally responsible to report . Is cliffs withholding info as long as possible to see the outcome of thier court fillings on the corridor? Is cliffs withholding info to help keep kwg shareprice down while awating court deceisions to see if cliffs has to buyout kwg or come to agreement with kwg on the corridor and big daddy ore !!! How long will canadian law allow cliffs to withhold pertinent info that will effect a canadian companies shareprice that cliffs is actively involved with? What are the possible legal ramifacations if cliffs is found guilty of withholding pertinent information to actively control a canadian companies' shareprice? Under canadian law what can a canadian company expect if it can be proven a foriegen company is unlawfully effecting a canadian companies ability to do business?? Any lawyers opinions welcomed...
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