Something to think about!
Some may not appreciate this post. I try very hard to keep things simple in order that my simple mind can get a handle on exactly what is going on with Cliffs, SPQ and KWG.
How simple? It is this simple in my humble humble opinion:
Cliffs will take one. If Cliffs gets one, they will wind up with both no matter how much pontification occurs on this or any other forum.
Cliffs will offer no more that 15 cents a share (if that for SPQ). Once they get it KWG is left high and dry for that pack of wild dogs called Cliffs.
Conversely if Cliffs takes a run at KWG, SPQ is left high and dry.
If Cliffs is successful with one or the other and gets one for 15 cents or 13 cents or even 20 cents, the play that is left high and dry, they will get for pennies. They will starve it out. Either play will be in big trouble with a small position in a chrome deposit that Cliffs need not work until around 2040. So do any of you get my point?
They will pay 13 for one or the other and then get the next down the road for a nickel.
I went through the FWR fiasco as many of you know. Once bitten, twice shy.
There is also a lot of chatter about the management of both plays. They have their backs to the wall just as Mac Watson did a while back.
It is ridiculous to me to find fault in humans who all have faults by the very nature of who we are.
I see some valued posters have done some deep thinking and have changed their positions. I congratulate them.
The way I see it, no matter how bad the taste is in the mouth, an amalgamation is of utmost importance. I hear or read that one or two get twisted like a pretzel because they feel their play is being played the dummy to save the other. That is not the case imho. The fact of the matter is that if both plays do not get together and act as one, both will be lost for peanuts.
I apologize if anyone is offended but I just felt that there are some things that must be brought to light. Do not let this bully take the rest of Northern Ontario for peanuts. Unite and fight please.
Good luck to all
Don