Mr Grease -- I am just an observer here, but I find your hypothesis of CLF somehow acquiring KWG for a 4:1 share ratio out of touch with reality.
Given KWG's massively diluted share float of some 697,000,000 shares plus, your 4:1 share buyout ratio would mean that CLF would need to add another 174,375,000 shares to their own existing total share float of 153,000,00 shares today.
That would more than double their existing share float and trigger a sell-off that could eventually trigger a bankruptcy!
If CLF even considers doing a share exchange buyout of KWG (which I don't believe they are), the starting numbers would likely have to be much higher like 25-KWG:1-CLF or 50-KWG:1-CLF share.
A key reason why KWG shares are trading at only $0.45 cents is the company's massive dilution...
-Dragon50