It appears that KWG did not complete their independent assessment of value. With their stock at $0.12 today, the 1.3 index places a value on SPQ at $0.155. This is less than the CLF offer. It was KWG's ante up by offering SPQ the majority of the RR right of way and the 1% NSR, that created the 'superior offer' definition.

From my perspective, this is a delay tactic. CLF's will be back early next week. Then perhaps we will manipulate them into conflict over the following weekend. (I really want them to sweat through the July 4th weekend as revenge for the way they treated Neil and Frank on the Canadian memorial day weekend.)

This is still early on our march to the July meeting. In the end retail shareholder solidarity will win.