Re: Cliffs Has Hit New Lows
in response to
by
posted on
Jul 03, 2010 03:03PM
Edit this title from the Fast Facts Section
Sorry to say this Wish,.....but the writing is on the wall.
Cliffs may not quite have 50.1% but with all the arbitrage shares they will be very close. I wouldn't be surprised if they actually have more. It is important to always look at these things with as little emotion as possible. Blaming management is pointless as most times the rules of engagement are such that they have little choice. Everyone wants to beat on Mac Watson over the FWR deal, but he really did what was best for the majority of shareholders.
This is all a part of the market. Cliffs is doing exactly what they are supposed to do for their shareholders.
If the ROF resources were really as valuable to the world mining industry as they seem to be to the Jr Explorer shareholders, then wouldn't you think someone else would have shown interest? Mac Watsons team sent 22 packages to the most eligible buyers in the world.
No one signed confidentiality agreements seeking more info. I understand the situation with spq is similar. No other interest!
Cliffs will go after KWG after the time runs out on their insider status so they won't be obligated under the valuation clause. I actually think there is a 20 to 30 % margin in KWG in the next few months. Wait for the weak hands to drive it down and there may be an oportunity there......imo.........Cliffs also has a strong upside potential and in some opinions that upside is over 90%. .........imo..........I bought more Cliffs this week and loaded up more on GNH. I understand you are a shareholder there as well. Now that bad boy has upside!....imo
Best of luck
Carry