Formal valuation thoughts and questions... ?

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

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Kevlude

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Formal valuation thoughts and questions... ?

posted on Jun 07, 2010 06:42PM

I don't pretend to know all the legalities of Cliffs being an insider of KWG, but I've trying to keep up to speed on all the news lately and figure out their game plan... I know that because of being an insider they needed to request a formal valuation in KWG's case but not SPQ.

Now, is it possible that Cliffs is considering withdrawing their offer for KWG because of those current valuation proceedings, for fear that it would come in at a high value?

I would hope that said valuation would be coming in at much higher then 13 cents a share, and from what I gather, SPQ and KWG have similar assets meaning Cliffs could have potentially messed up by asking for that valuation in the first place.

So, my question is, by cancelling their "intended" offer does that mean the formal valuation is also cancelled?

I personally would really like to see it to it's end which is supposedly this week or next.Hoping KWG releases that news soon, as well as the full 43-101.

I have been in SPQ for 4 years and holding strong, 13 cents does NOT get my vote!