Good BuyEven if Spider sells for 19 cents (but I doubt it will) and there is no merger (probable), KWG has to be at least equal to what Spider sells for. Plus, unless our board of directors are true screw ups, they will spin off the smelter royalty and railroad rights into a separate company. They have already made that strategy apparent and they know the spin out of the RR and NSR peeved off Cliffs. That's because they would then have to buy out 2 companies.
I agree with the comments that Spider will not vote for the 19 cent offer and Cliffs will raise their bid either before that happens (say by Friday) or after the vote turns down the offer. If Spider goes up in price, so will KWG. It just may take a few more weeks or months to happen. KWG at 12 cents today seems like a steal. I would buy more if it wasn't for the fact I am up to my eyeballs in both right now.
Does anyone know of a secret potion for growing bigger balls?
Trix