I am just pointing out the risk that our BoD is running by letting our SP slide. When companies make such offers, they will look a the average SP for the last 3-6 months. If our share price flounders down at these levels, we could see a first offer even lower than $2.65. We know it will not pass at that price but Cliff is an opportunistic beast. I hope our BoD is ready for a hostile take over attempt, because the way I see it, Cliffs would want nothing better than a big juicy high grade nickel/cu/pt/pd deposit to pay off their Capex faster. At our current price, buying makes a ton of sense as I see this potential take over attempt as a safety net to our SP floundering or sinking any deeper.

Glorieux