Your post is very accurate. One thing here that we forgot to consider is that had we had the R/S /Cliffs may still have left us out to dry. Why buy us out at all when we would have been able to finance our share of the project.

What would our share price of been post consolidation? Then where would it have gone had Cliffs only taken over KWG, and Spider 4 to 5 years from positive cash flow? Then perhaps factor in a delay or two. Stock price back to nothing.

No slam dunk.

Regards A