(1) April 12, 2011 Cliffs received approval under the Investment Canada Act for completion of the plan of arrangement (the "Arrangement") pursuant to which Cliffs will acquire all the outstanding common shares of Consolidated Thompson Iron mines.

Look at the 2 links below.

(2) March 30, 2009 - Wuhan Iron and Steel( (the company that has an Alliance with Baosteel since 2001) buys a stake of 19.9% and gets to and will be entitled to nominate a Director to the Board of Consolidated Thompson. Sound familiar?

http://www.consolidatedthompson.com/s/NewsReleases.asp?ReportID=382314&_Type=News-Releases&_Title=Consolidated-Thompson-Announces-US240-Million-Strategic-Investment-from-Wuh...

(3) What happened two days later?

April 02, 2009

Consolidated Thompson Announces Cdn$80.6 Million Bought Deal Financing

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMENATION IN THE UNITED STATES

Consolidated Thompson Iron Mines Limited (TSX:CLM) ("Consolidated Thompson" or the "Company") is pleased to announce that the Company has entered into an agreement with a syndicate of underwriters led by Macquarie Capital Markets Canada Ltd. and including, Canaccord Capital Corporation, BMO Capital Markets, Clarus Securities Inc., and Dundee Securities Corp. (collectively the "Underwriters") under which the Underwriters have agreed to purchase 31,000,000 common shares (the "Common Shares") of Consolidated Thompson at a price of Cdn$2.60 per Common Share (the "Issue Price") for aggregate gross proceeds of Cdn$80,600,000 (the "Offering"). Consolidated Thompson will grant the Underwriters an over-allotment option, to purchase up to an additional 4,650,000 Common Shares (for additional gross proceeds of Cdn$12,090,000), exercisable at the Issue Price at any time until the 30th day following the closing date of the Offering.

The net proceeds from the Offering are intended to be used to complete construction of the Bloom Lake project and for general working capital and corporate purposes

http://www.consolidatedthompson.com/s/NewsReleases.asp?ReportID=382311&_Type=News-Releases&_Title=Consolidated-Thompson-Announces-Cdn80.6-Million-Bought-Deal-Financing

Financing at 2.60 per share April 2, 2009 and today's price is $17.11. From $2.60 to $17.11 after 2 years...a good return for Consolidated Thompson holders. The "Chinese buy-in worked out very well for the holders of Consolidated Thompson. I wonder what the shareholders were saying when the news release of this buy-in combined with a board seat first reared it's head?

price history is below From March 30, 2009 to current.