I still believe it’s a ploy to keep the stock in a restricted trading range until 2 days before the vote in July. Then just a couple of days before the Meeting I expect we'll see the new offer put forth.

Just enough of an increase to wreck the vote, as I expect this Special Meeting is being called to vote on the proposed merger.

I would like nothing more than to see Spider and KWG receive a new offer from left field.

In the interim hopefully we'll see an announcement that the JV partners have commenced a new round of drilling. This would show investors that management is committed to proving up the resource.

With this low ball offer, Cliffs is trying hard to keep any positive news out of the Press. I sincerely hope they fail in this endeavor.

JMHO

A