So, trading resumes at 10.15 AM. Level 2 says there are close to 26 mill shares on the bid at 18.5 cents. The purchasers cannot use these shares to vote for or against the amalgamation, nor can they be used to provide a proxy to CLF to assist them in their hunt for 50.1 percent.
In my opinion, these buyers are there simply because they feel there is still more to come, and they wouldn't be here just for a penny or two.
This is going to be a week to remember for all concerned investors.
Best regards
K