Good day to all...and I mean a good day if we look at the balance of probabilities...here are the truths that I see...

1. CLF extemely motivated buyer...desperate if we had access to the back room...their intention full control...$$$...nothing else. The longer this drags out = the greater the possibility of another buyer coming in.

2. What we see is manipulation...considering what is at stake for CLF, it is nothing for them to take losses by trading with their friends, every day until the merger, merely to create the illusion that many traders are involved in the downward pressure on the SP...probably not true...maybe we are seeing a skillful 'put-on' by CLF and its friends, but are we losing votes...that is the important question...maybe not!

3. The most recent actions by the BODs, confirms for us that they are in it for the best possible scenario for all shareholders, possibly because they know unequivocally what CLF want...the trick is to avoid the checkmate by CLF and position ourselves for a stalemate, which would then make CLF even more desperate not to lose their investment up to this point. I am confident that the BODs have assessed the value and are discussing all options with the experts that have been brought onto the team.

4. A "superior offer" can be interpreted many ways and it isn't calculated with numbers only or the SP offer...it takes into account the potential of the asset and the long term value of controlling it...many would say that considering the value of 60% ownership following a successful merger and the long term prospects of the subsequent developments in the ROF, are worth much more than any price that CLF is willing or able to offer at this time...so how will they calculate a "superior offer"...remains to be seen!

Questions...can someone bring some clarity to:

a. can SPQ legally apply to halt trading for any period of time, if it is in the beat interest of its shareholders;

b. can an injunction be put in place to prevent any further action until the the valuation and/or the result of the merger.

Good luck to all SPQ and KWG shareholders...