KWG foregoing the SPQ dissent ( the stick) and resuming talks( the carrot) is very good news for all KWG shareholders. I hear Cliffs were really taken aback and very surprised at the KWG announcement regarding dropping the Dissent. As was pointed out yesterday by Sambone, the small monetary gain by getting a valuation of a few more cents when we only held 250K would have been very minimal and we all know how the lawyers would have had a field day and they would gave been the only ones to have a big smile at the whole process at the end of the day. I understand no top management talks have been held with Cliffs since last Summer but as a result of KWG's move to drop the dissent, talks are ongoing with Cliffs at a senior level. It will probably take some time to rekindle the close relationship between KWG & Cliffs but this is certainly a start. KWG realized that our share price is certainly undervalued and we are worth much more than the .105 - .12 range we have been subject to the last several months. The 15 million volume yesterday and the almost 3 million shares today on both exchanges shows how positive the move by KWG was. Possibly 5 million of those shares yesterday are probably attributed to short term traders who purchased in the .10 to .115 range and wished to make a quick buck and did so. One of our problems is we have an iceberg on the ask of 5 million shares at .12 and every time, a portion is chipped away, back it comes with another 5 million on the ask. Cliffs are still considered an Insider and a proper valuation must be done before any offer would be entertained. We have $2 million worth of .10 warrants expiring end Nov. and Dec. 7th and these were issued approx 2 years ago when KWG was trading at .07. Some of these were probably exercised in that 15 million yesterday. They must be acted on almost immediately. This $2 million will keep us financially fit until the 1st quarter and KWG has not issued 1 extra share to put us in the enviable cash position we find ourselves in. Management believes that with the share price at the present range, no further dilution should take place. For your info out of approx. 168 mil warrants outstanding, Cliffs are holding 48 mil at the price of .15 I can't wait to see how much, if any Cliffs takes of the $3 million pp announced earlier this week, but I think with the KWG "carrot" move, only good things should be in our future. We will see, as there is always the "stick" if that is what is required. All just in my opinion. rj