Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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Message: Re: Value of KWG
10
Jun 14, 2010 11:47PM
4
Jun 15, 2010 12:20AM
5
Jun 15, 2010 08:25AM
1
Jun 15, 2010 08:29AM

"No argument there. I hope KWG continues with the Cormark valuation also."

If KWG intends to propose amendments to the SPQ/KWG Letter Agreement (which I believe they'll do), in order to 'match' the Cliffs 'proposal to offer' @ 16 ยข I think an independant valuation would serve them well. It has to be out very soon, though, since there are only 4 days left to file the proposed amendments...

All is needed here is a statement from the Spider BoD saying that pursuant to the Letter Agreement, as amended, the Cliffs proposal is no more a Superior Offer from a financial standpoint and in their 'fiduciary' opinion. Period. How will it be achieved? Dunno.... Frank Smeenk is a warrior, let's see what he will show! And body Neil doesn't want Cliffs for a minute!

In the meantime, I hold my shares tightly. Each position firmly in each hand!

GLTA.

BaBe.

20
Jun 15, 2010 11:12AM
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