"They report that CLF has not sold 1 share of KWG."

Interesting info! Cliffs certainly has a short term plan concerning their future with KWG. They have stated publicly that they would consider to sell KWG shares on the market. If they don't sell any, it might be that they have a good reason to keep them. The shares worth more than double at this time than what they paid for...

Was their statement that they do not need both shares of BD a bluff? Or else they have changed their mind, or they are still thinking the question.

Since Cliffs did not show us a tendency of being a bluffing player (when they make a statement they strictly stick to it!) I tend to believe that they just wait the Spider acquisition process to end, knowing that it will definitely end before a judge, for determinination of a fair value to Spider's shares -and of KWG's by way of direct consequence.

Hence our KWG shares may be looked as drawn winning lottery tickets, which prize amount has yet to be announced. And all of us had a quick 'illicit' glance at the mouthwatering Cormacks and Broad Oak valuations... Miam!

Difficult to get a few more on the dips, the beauties haven't moved more than half an inch for weeks!!!

Other question to chew on: does Mineraldfield still hold its shares/warrants in KWG? They have a reputation (it's even a policy written in their prospectuses) to sell any holding at the first profitable occasion! And breaking point is a lot lower with flow-through shares...

GLTA.

BaBe.