A lawyer wrote this piece...why does he care how tough it will be for Cliffs to spin off or sell the ROF asset?

I wonder "who" the client is...

He sure did a good job scaring the potential suitors away. Love the killer sentence, "

it’s hard to believe that there will be many takers for what’s on offer."

"In our view, spinning off international assets might not be possible because most of the international assets are losing money. So ‘fire sale’ might be one option, but even for that it might be difficult to find a buyer at this stage of the market environment…

Nothing has changed. In fact, legal access to the discovery via road or rail is still mired in intense litigation. The environmental review is in limbo. And impacted First Nations are less than impressed with the Ontario bureaucracy’s latest reincarnation of the ill-fated Ring of Fire Secretariat — now in the form of a nascent Development Corporation.

One wonders what appetite Cliffs has for weathering this storm up in Canada? “Fire sale” or not, it’s hard to believe that there will be many takers for what’s on offer."