Where do we go from here?So assuming SPQ agrees with the BOD and takes the offer where does KWG go from here? We have the right to earn in 30% on a piece of property for which the majority owner can sit and twiddle their thumbs on forever and outlast our cash position (this resource will take at at least a decade to put into effect given further drilling, feasibility studies, construction, transportation corridor construction, power construction, construction etc....not to mention a turnaround in the global economy for lending and demand). Should KWG try and focus on the diamonds again and hopefully try and shore up those resource numbers in an effort to sell to DeBeers, it may buy time and be the best use of cash or should we sit tight and hopefully mgmt decides to go to the McDonald's for their christmas company party.
So realistically do we have a chance of surviving or will Cliffs starve us to death until such time we succumb to a stink bid, like their non-formal offer previously. Thoughts.