Easy there Buick although I agree there is some merit to the final settlement of this SPQ saga. Many in the investment field have suggested to me that the uncertainty and unease caused by the intense rivalries forming in the ROF has not been good for other players and uncertainty is always a bane for stocks. Investors were on the sidelines awaiting the outcome as many things could have happened from joint KWG/SPQ takeover to withdrawl to what did happen.
The focus should now return to what lies underground and what that means short and long term. Although your predictions are heartening they are blue sky by anyones definition and would require something completely unforseen. I like the fact consolidation is happening in the ROF because the cream rises to the top. As much pain as the SPQ final price seems to be causing it bodes well long term. Love or hate CLF, they are pros at getting stuff out of the ground and are not exploration/speculative based. Again, with all due empathy for big SPQ holders, I would far rather see consolidation and interest from this sized company than no interest at all. With each passing day and with each significant move like this the ROF gathers more and more attention and that has to be good. If SPQ shareholders are as passionate about the ROF prospects as they appear and claim to be then the proceeds from SPQ shares will stay (at least in part) in the RING. So says the investment advisors.
Best regards,