From the previous posts on this board I wouls guess a good majority of us have both SPQ and KWG shares.

Cliffs plan could no doubt be to offer a fair (better then their last offer) for SPQ shares hoping to get those retail investors who only have SPQ shares (and those that have not made the link between the 2 companies) to sell. They will then have majority interest and the KWG shareholders will be basically hung out to dry. Yes we will have some valuable assets left but not as valuable as when they are combined with SPQ.

We must make every effort to get the word out to all shareholders that a combined company will be much more valuable to both groups of shareholders when negotiations reach the boiling point.

IMHO - Wishing