Rockstar how could you make heads or tails of this cast of characters. Who's who and what's what, sums up this situation. Cliffs in bed with Smeenk, Cliffs jumps out, Novak jumps in. Wait a minute Novak's not sure. On and on and on. We have to keep focused on the positive side of this coin. For me that's the T.D. initiative and C. Thomas joining the board of KWG. She obviously has a reputation and that puts her in a unique position from where I'm standing. Thus I hope that her influence will bring a fruitful result for all of us. Canaccord is also not going to enter into an agreement that they see as tarnishing their reputation. These people have the ABCP mess fresh on their minds and are moving forward these days with far more due diligence than might have been the case a few years ago.
Let’s hope they can make sense of the "Wood Pile" and allow us investors to take some well deserved reward before moving on.
This mining business is much the same as the NFL. When the teams are playing ball they have a defense and an offense. At first we were trying to play this game with only half the required team trying to do both jobs. This offer by Cliffs made it imperative that we bring in some people with experience and knowledge in the financial world.
What Wes is saying is not going to change the Metal Markets or make much of an impact on what Cliffs is doing. I would discount his comments as being more a personal opinion than coming from any great strategist. Any of us would prefer 8% copper or 10 oz/ton gold but we have to deal with what we have. 40% Chromite is far from worthless.
Relax, I expect our new team members will bring home the bacon!!
Just my personal opinion and ramblings.
Good luck to all
A