Hi there khareema ,
Just wondering your opinion/thoughts on today’s news release, with regard to KWG stock price?
I agree with a lot of what you have posted in the near past on the subject at hand, & I am thinking that an offer from KWG to match Cliffs at .165 would surely cause downward pressure on their stock, due to having to improve the merger deal & offer to match Cliffs, in the short term, & creating an excellent buying opportunity early next week for us retailers, I’m thinking around .10/sh., at least?
I do believe that KWG will have more value, than SPQ, after the Spider take-out because I think Cliffs want us to believe that they will freeze KWG out, but I am feeling that Cliffs want KWG in the picture a little longer for all the reasons you have mentioned & a few more.
Regards,
CH.