posted on
Sep 12, 2013 04:57PM
For the chrome a road will not do, the railway is what is needed and it must serve not only Cliffs but all chromite possessing companies in the Ring.
With the rulling KWG is a potential take over target if they play hard ball with cliffs about the railway. KWG can not count on Cliffs being balued much less now as a sefety that a buyout will not vhappen.
"So if Cliffs wanted all of KWG why wouldn't they have made the bid long before this?"
They didn't up to now because - why buy the cow when you are hoping to get the milk for free. Now they find that they will have to at least pay for the milk or buy the cow. ( I give them a little chance with appeal of the ruling.)