RJ - do you think this actually might be part of Cliffs "big picture" plan to take out KWG. They have been shaking the tree for a long time at the 10-11 cent level and are not getting any retail shares falling into their hands (those outside firms that just may be accumulating for them at arms length).
Now if they were to let the price rise to where it is now they may just shake loose a lot more shares from people happy with a 4 or 5 cent return on a 9 or 10 cent investment. If these shares all of a sudden drop 3 or 4 cents they may be able to pick up more from new investors getting out before they lose everything.
This of course is all IMHO but we never know till its too late what games are being played with these junior mining investments.