It could well be a "partner" or associated company that was buying up shares of KWG (for Cliffs benefit) that realizes they may well be left holding the bag. The possibility of Cliffs filing for bankruptcy in Quebec does not bode well for any other negotiations they may have in Canada.
I am into KWG way to far to let this opportunity pass by so despite the fact I promised myself not to buy more shares - I had to sell another investment (with a capital loss) to buy 50,000 more shares.
Hopefully this will make a speedy recovery. I could then sell at a profit and buy back my other investment (in 30 days of course so I can claim the loss).
All of course IMHO
Wishing