Cliffs won't walk
in response to
by
posted on
Jun 08, 2010 12:06PM
First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed
Cliffs won't walk. They can't. They are so close to getting what they want, it wouldn't make any sense at all. Oh, they might threaten to walk, but they won't.
They need us more than we need them. We have what they want. WIth the Global mining issues in South Africa and Australia, this play is their salvation, and it's already proven to be well worth the investment for them, even if they invested a tonne more than they offered, and they know it, now we all need to believe it too !
Cliffs are trying to block this at every turn. Their offer even runs out on July 6th, the KWG vote for the merger is on July 8th. Trying to scare us into folding. Or dividing and conquering.
The valuation for KWG will be out around June 20th, so everyone sit tight if you're holding either/both.
I intend to buy more.
The valuation will include present value of KWG, it will also incorporate the smelter royalty %age, and also probably a value for the work KWG has done to staking a railway line that would be used to make this happen.
All those times you wanted to be strong and make a difference in your life, we know this is the opportunity of a lifetime, let's not waste it or become indifferent. We need to get more passionate about this play and make a difference in all our lives.
I talked to Chris from KWG for almost 30 mins and their strong position is to merge and stick together until the price makes sense,.... for both companies, and we are no where near that yet. No where near.
Drew2222