I don't think Cliffs has made their move. Just look at the volume. This is not take over volume. Their pawns havn't been given the go ahead to buy huge volumes of shares yet. Whatever changed Cliffs mind to screw the small companies we will never know. But if this is the case and they only want one company it looks like they are going for SPQ. They won't get it for 13 cents. I think R Winger has figured this out. What happens if they offer 26 cents to SPQ before the merger. Retired Rookies survey favored the merger, but if 26 cents was offered before the merger, a lot of us would take the money and run. Especially in this market. And Cliffs would screw KWG. I would like to see everyone win but this seems like a dangerous corproate game Cliffs is playing. We need some competition on this buy out.
GLTA
TheSky