Analyst believes $5/share for Cliffs (from Freewest) not built in price yet

Welcome To The Spider Resources HUB On AGORACOM

First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Latenite

Rank: President [?]

Points: 4621 [?]

Votes: 186 Score: 3.4 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Analyst believes $5/share for Cliffs (from Freewest) not built in price yet

posted on Mar 19, 2010 06:15PM

Stephanie Links, Director of Research at Action Alerts in USA, said in interview this week that Cliffs recent aquisition of Freewest in Canada hasn't been valued in the stock price yet. She thinks the addition of Freewest should be adding $5/share to Cliffs shareprice. $5/share for Cliffs = $675,000,000 more of market cap.

My point is this: Buy SPQ already Cliffs !!! They could buy rest of KWG and make first offer on SPQ for less than that amount that isn't reflected in their shareprice yet from Freewest.