I'll chime in here.

There must be some brilliance in this move, and I'm going to guess that an average investor doesn't have any clue about what major things are going on behind the scenes with the ROF. I am def one of those.

On the surface it appears as though KWG has just figured out a way to pay for everything they need to do without one more iota of dilution. That's really good.

They also stuck it to Cliffs one more time by removing one of their thumbs pressing down on them from up above. How do you think the negotiation would go with Cliffs trying to value this NSR? Seeing as Cliffs directly controls what they produce, I'm sure they could make it sound worthless. Also good.

I am guessing Smeenk sees controlling the railroad as fairly important, and he is in full control of that. Good.

Getting the value TODAY out of this NSR is not an easy task. Could it be worth millions more? Probably. I agree that Smeenk sees that there is more value in putting this money into his own company, then waiting for the pay day down the road. Really good.

I'm sure I'm not the only one who sees KWG as making some very interesting moves. It would be ridiculous to think that these are not highly calculated and it's comforting to know that Smeenk has been a big part of the bigger picture of the ROF. I'm thinking he is seeing things that many of us are not.

The fact that he has sold this obvioulsy very valuable commodity in order to avoid dilution is a really strong sign.

AND....KWG still owns a big chunk of Big Daddy!

KWG still needs to be dealt with by Cliffs, IMO. They seem to be playing the role of 'pest' and is obviosuly doing things to get their attention. Inviting these larger players to the table is obviously going to be taken seriously by Cliffs. The only thing I wonder here is if Cliffs would like to be breakfast themselves?

I sure wish like heck I could crystal ball when that is going to transpire, but instead I find KWG as an easy peasy hold and only consider adding to my position when it gets real cheap.

I know I basically said what some others said, but it's because I agree with them.

Bratty