Re: Cliffs makes offer for KWG and /or Spider
in response to
by
posted on
May 25, 2010 01:01AM
This certainly has implications for UC.
1. I realize as of yet we have found no chromite but as the original stakeholders in the ROF with 7 VMS areas..it will only be a matter of time before UC will be on a takeover list..JMHO.
2. If KWG is worth 13 cents a share with 500 million shares out..where does that put UC. 20 cents a share ($30 million) would be a good starting point for the ROF stake...then let's take those funds and focus on the gold production/exploration.
3. Is Cliffs interested in controlling the entire "ROF"?
4. If Cliffs became our partner (45%) what does that mean for UC's future.
5. It may be a year or two before we get gobbled up...but this cliffs announcement has to be a Game changer for UC's future...not to mention other players in the ROF
I think our plan (Voisin's plan I think) should be to pay up the final $500,000 get our 55%..then sit back ond watch the fireworks at the ROF...meanwhile it is full speed ahead in Mexico.