Babjak

Oh, what a tangled web we (you?) weave.

I got caught in the web above and need some help to get some closure.

I actually followed the threads you weaved. There seems to be Goldman and friend Casablanca as chief strategists, but Goldman web got more tentacles.

- Goldman/Siverpoint/19% of Postmedia/National Post/Financial Post (FP). This is clear...FP = Goldman. So Goldman wants FP not to discuss NOT, i.e. to keep it under the radar?

- Friend Casablanca/5.2% of CLF/RoF chromite BT and 70%BD with huge potential profit. CLF = the fat pigeon.

- Casablanca is making life miserable for CLF, it wanted to sell the international parts, including Bloom Lake (Consolidated Thompson) and RoF chromite holdings to get a huge chunk of cash (compared to CLF $3B Market Cap). This is a chop-shop operation, an aluminium hood (Miata) for some $k, 2 doors, front end, back end, aluminium wheels, removable hardtop ($k). May be they just keep the engine (the domestic wing intact). If Casablance had the control of CLF the question is who Casablanca would sell RoF assets to?

- NOT has 2 majority shareholders: Baosteel at something like over 10%, and RCF has 19%. Is RCF under Goldman control, or just BFF?

The end game: Casablanca's objective is to take over NOT and sell CLF chromite holding to NOT to make it a powerhouse and a monopoly of chromite. To deal with Baosteel they might even have a JV of some sort with this 700-lb gorilla?

That's my interpretation. On the right track, or out of wack?

The web is all tangled up and the hawk or mother spider (not SPQ), is ready to make a move. Help, quick.

goldhunter