KWG shareholders slowly getting screwedHow long does this charade go on for, if Cliffs comes back with a higher offer and forces KWG to up the offer to SPQ our share worth is slowly getting eroded. We have equal assets in this project and then some, what is SPQ offering up if their shareholders are wanting to drive more value in this joint offer, nothing. Still no word on what's up happening with our diamonds and now we're giving up the rail land rights and smelter royalties, this is completely ridiculous. Frankly (no pun intended) we are slowly getting screwed by the SPQ shareholders because we are trying to drive joint value while they're only looking to line their pockets. So pissed off by this debacle as KWG is getting it from both ends.
Correct me if i'm wrong here though that there may be a silver lining in this. If Cliffs ups the offer and KWG matches thereby giving SPQ shareholders a larger percentage of the new company would this in fact further dilute Cliffs current hold as they hold more of KWG than SPQ (so we think anyways)? If the merger goes ahead does anyone see this combined entity keeping the current share price up as those short term sharks will start dumping once they've made their buck and what amount of cash on hand does the combined company have to keep this going. How are they going to raise any funds? Does anyone even see the combined entity ever bringing this to production, they'll definitely need a JV or someone to take them over, Cliffs will continue to circle and look for blood if they lose the takeover bid.