Welcome To The Spider Resources HUB On AGORACOM

First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

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Message: My feelings about SPQ

May 26th : CLF offered 0.13$ all cash

June 14th : Business combination agreement with KWG (NO IMMEDIATE CASH)

June 14th : New CLF offer of 0.165$ (ALL CASH)), this proposal is subject to the right of KWG to match the Proposal, over a 5 business day right to match period, that expires on June 21, 2010

Three scenarios possible :

  1. KWG must find a new proposal that offer more than 0.165$ to SPQ SH before Monday, and if they do, CLF will crush it with a new better and last offer around 0.19$
  2. KWG will not make new proposal. We stay and give SPQ to CLF at 0.165$
  3. CLF unable to reach 50%, because nobody sell at 0.16 and 0.165$ , CLF make a new offer to grab SPQ.

JMHO and feelings...

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