I hope - and maybe just blind hope at that - that this NR was a step in keeping this ongoing process alive until the vote next week. He has said that negotiations have resulted in higher share price and that the last one by Cliffs has valued the company higher then it has been in the past.

But again in my blind hope that this will play out further - I think this is a release he had to make to keep the market aware. Until I see that the BOD have signed committments to this offer I will keep my first option of a merger as the best future for all SPQ/KWG shareholders.