"I mainly disagree with what you said about the SPQ BOD deciding the price"
Actually, I disagree with it too, mainly because that is not what I said.
What I did say was that, at some point in the negotiation the BOD will realize they will get no more out of CLF, and then decide to accept whatever is there. We don't know at what point that will be, whether it is .19, .21, or .30.
Best regards
K