So our redemption could reside in what we will effectively be able to take out from the amalgamating shells. Before merging, Debuts Diamond should receive all the non-chromite assets of Spider and KWG, and as much cash as possible to pursue exploration. Mac Watson should have done that before selling to Cliffs, and FWR shareholders would perhaps have made a better deal. Then a deal under 20 cents wold be more acceptable.
And, as a matter of facts, we are discussing about what should be the second offer whereas none have been filed yet... I still think that Cliffs 'statement-of-intent-to-offer' was just a call of order for the merger, just because Spider management was cold at the talks.
GLTA.
BaBe.
(I don't know waht heppened to the font... I pressed a key then the text jaydeeded to 16 Bold...)