A more than long-awaited clean-up! After the garage sale, here's the great refurbishing! It was written in the sky that KWG could not stand its near-billion float any longer. And with the newly adopted QBCA, it became evident that KWG would go federal any time soon. All its subsidiaries CCC, CCMC, ---Canada Inc, have been created under the CBCA. Even our JV partner Spider (now Cliffs Chromite Far North Inc) is also of federal jurisdiction...

The way the proposed reorganization is done looks very shareholders-oriented, and respectful to them. Instead of chosing the usual and easy way of a Reverse-Split reorganization, Management managed to propose a win-win deal to us. (BTW I find the broker margin element an attractive one. I would certainly think of adding some KWG shares out of my extended margin opening!)

KWG does become more and more ready for a takeover or for a major transaction, and the Institutions will foresee that happen very quick I think, so watch out for volume increases during the following weeks.

It is very interesting to see what will come out from the discussions which are probably taking place between KWG and Cliffs in preparation of the April 1st Agreement. Some may think this Clean-up is the indication of an hidden rebuttal of Cliffs' future implication with KWG. I rather see the contrary. All these corporate refurbishing and improvement are probably a proof that a higher-level positionment of KWG is taking place.

Obviously, I will vote FOR every proposition, and probably cross the Bridge for the last time here to register my votes in person!

GLTA.

BaBe.