While perhaps being less than legal, it's is a strong indication of the games being played. More talk than walk in my opinion we'll not see Cliffs sell any significant holding in KWG.
On the plus side this statement may cause the OSC to make a statement that will only serve to put Cliffs on notice that a solid, fair and equitable above board offer will be required to carry the day.
We are all lucky these announcements were made on the weekend as this gives time for sober thought and other players to emerge.
The simple fact we've not heard any news on the valuation tells me that the play is being actively shopped or promoted by our advisers.
Good of Cliffs to move this project along the last few years, now it's time for them to go home.
JMHO
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