It is honestly a breath of fresh air, to follow this forum, with it's wealth of common sense and logic, that is disseminated in an amicable fashion for all to see.

Marlborodog has presented a very good description of our present situation and where it could lead us in the short term. And it is short term, and getting shorter very fast. This could result in the players running out of time, or having to speed up the action considerably in order to facilitate this merger vote staring us in the face two weeks from tomorrow.

We are going to get something tonight or tomorrow, which should result in the moving of the yardsticks, but what will it be? The two most likely scenarios will be an increase in the ratios to 1.31, or the presentation of a valuation that shows KWG at a higher value than what the market tells us. I actually believe that both possibilities are on the table. If we get an increased ratio offer tomorrow morning as suggested, our value will move to above .18, and due to the shortage of time CLF will have to respond sometime before the close tomorrow, with a superior offer, or it will be the last one they get before the vote on the 8th. KWG will then have another 5 days to respond, which takes us up to 12.05 AM on the 8th, during which time they could present the valuation. The interesting period will be between the 6th and the 8th, as they will know where they stand and what they have to do to win the day.

Interesting times

K