We are not speaking here about RS. We are speaking about bad timig for RS. If you watch this all story this Year then you will know that CLF was Announcing Pricing of $400 Million Public Offering of Senior Notes. And that was for:

The net proceeds from the issuance of the Senior Notes are expected to be used for general corporate purposes, which may include, among other things, the funding of certain capital expenditures, the repayment of all or a portion of the Company’s term loan under its credit facility, the repayment of all or a portion of its share of other debt obligations, and the funding of other strategic transactions .

Since then I knew that Offer will come to both SPQ&KWG because I didn't see any other companies that CLF is intersted in them. So it was very logical to think that this 400M will be used to take over BD deposit. So the worst thing what NN did was actually in Bull time of SPQ to propose RS. When I saw that BS news I sold my shares for 14 Cents and I didn't regret. Now I will watch this play closely but from the side since I don't trust any more To Neil. And who knows what will KWG BOD do? I mean they were together with CLF all the time and what if they said no? It is not so easy situation and in this time is even worser than before 1 month because of many Global problems. I must admit to you the same tought that I am thinking about CLF. They are very good in Business, this timing was perfect from CLF side. Actually great.

GLTA!