Far 451

Why the surprise? Frank gave us a headsup last week. If you read between the lines, it's probably because the buyer/investor reviewed the risk profile after the comments from Cliffs CEO, and decided they wanted a better deal. The absurd and unjustified delays cause by the Ont Gov's lethargy and indecisiveness, also contributes to the perception of risk by outside entities. We can't count on our Gov's rationality, business sense or sense of timing given that everything for them revolves around political gain and/or blaming other entities when faced with unexpected outcomes. Consequently, KWG had to renegotiate to make it happen...all in a day's work in MHO.

Best of luck to all KWG and ROF longs

Le Penseur