Maybe both sets of shareholders think they are receiving the short straw.
As a KWR shareholder we are being robbed blind and here is why below.
- We (KWR) only have 280m SOI and after this it will blow us out to over 1.5B SOI and BTR receive majority.
- Over 5 million dollars to fix a mill 250km from Menzies where numerous mills are a stone throw away from Menzies.
- 6 Directors for an exploration Company after this merger. (How dumb do these Director think the average shareholder is).
- Stirling and Pericles at the Menzies deposit have to date 45,000 ounces @ 5.2 g/t AU at present and these targets are newly discovered with limited drilling to data. (overall the whole Menzies area has had limited drilling below 200m). 5.2 g/t AU these days are very high grade and hopefully with more exploration we can get the ounces and head grade up even more.
- The new CEO Alex is on a big pay packet for doing his job and has not got the experience in my opinion.
Just more basic points on why we do not need this deal with BTR and we need new board members who will do the right thing by its shareholders.
KWR Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
