I'm curious why FWR stopped at $6M...why not $10M, $20M, ...? The $6M is a signing bonus and the FWR BOD is walking a fine line wrt its fiduciary duty by favoring CLF, holders of vested "in-the-money" Freewest warrants and stock options, and at the same time trying to keep out alternate bids that may enhance shareholder value. I believe it will be contested, even at this value.

Any other "hostile" offer with the SRP in effect would have had to perhaps double the CLF offer just to be even ( add another $.55 x 215M = $118M). There is no SRP after Dec 1 as long as the NOT offer stays on the table, so anyone offering another $6M ($.03/sh) stays even, which is not as significant as it could have been.

IMO