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Volume almost totally dried up. You'd think KWR was in a trading halt if not looking closer.
I have just put in a bid for 30,000 more shares @ 0.105 which is the the highest level of bidding atm.

This is trading day 3 after the company revealed in the Qtrly resport that cash is down to $800k and it is in talks to do an equity raise or an asset sale. Wouldn't this normally induce selling? Why isn't the market for KWR nervous? Everyone's just sitting around. Maybe there is a belief prevailing that a deal to sell the open pit resources at Menzies is the more likely scenario. I mean, you wouldn't be selling your shares in an $18M market capitalised company if you believed a $20M sale* of an asset might be imminent.
* this is purely my tentative figure and speculation

I emailed the CEO who proved accessible for a past query. Merely asked what exactly was meant by a "sale of the Menzies gold resources", if he was able to answer that. It can't mean sale of the whole MGP tenement(s). What I would have loved to ask is which financing option is the more probable - sale of resources or an equity raising?

<blockquote data-quote="finicky" data-source="post: 1120201" data-attributes="member: 2104">Volume almost totally dried up. You&#039;d think KWR was in a trading halt if not looking closer.I have just put in a bid for 30,000 more shares @ 0.105 which is the the highest level of bidding atm.This is trading day 3 after the company revealed in the Qtrly resport that cash is down to $800k and it is in talks to do an equity raise or an asset sale. Wouldn&#039;t this normally induce selling? Why isn&#039;t the market for KWR nervous? Everyone&#039;s just sitting around. Maybe there is a belief prevailing that a deal to sell the open pit resources at Menzies is the more likely scenario. I mean, you wouldn&#039;t be selling your shares in an $18M market capitalised company if you believed a $20M sale* of an asset might be imminent.* this is purely my tentative figure and speculationI emailed the CEO who proved accessible for a past query. Merely asked what exactly was meant by a &quot;sale of the Menzies gold resources&quot;, if he was able to answer that. It can&#039;t mean sale of the whole MGP tenement(s). What I would have loved to ask is which financing option is the more probable - sale of resources or an equity raising?</blockquote>

[QUOTE="finicky, post: 1120201, member: 2104"] Volume almost totally dried up. You'd think KWR was in a trading halt if not looking closer. I have just put in a bid for 30,000 more shares @ 0.105 which is the the highest level of bidding atm. This is trading day 3 after the company revealed in the Qtrly resport that cash is down to $800k and it is in talks to do an equity raise or an asset sale. Wouldn't this normally induce selling? Why isn't the market for KWR nervous? Everyone's just sitting around. Maybe there is a belief prevailing that a deal to sell the open pit resources at Menzies is the more likely scenario. I mean, you wouldn't be selling your shares in an $18M market capitalised company if you believed a $20M sale[B]*[/B] of an asset might be imminent. [B]*[/B] this is purely my tentative figure and speculation I emailed the CEO who proved accessible for a past query. Merely asked what exactly was meant by a "sale of the Menzies gold resources", if he was able to answer that. It can't mean sale of the whole MGP tenement(s). What I would have loved to ask is which financing option is the more probable - sale of resources or an equity raising? [/QUOTE]

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