" The Special Committee of the board of directors and the board of directors of Spider Resources Inc. ("Spider") (TSX VENTURE: SPQ) are pleased to announce that they have received a revised proposal from Cliffs Natural Resources Inc. ("Cliffs") to obtain Spider's support for an acquisition of Spider by Cliffs (the "Cliffs $0.19 Offer")."

"The board of directors of Spider has determined that the Cliffs $0.19 Offer is a "Superior Proposal".

Reading it again made me think the tone ...or maybe my interpetation of the tone suggested that the BOD was pleased, but we know the value is heading in the right direction ...maybe just not fast enough for some of us.

Hold tight your shares.

Regards, Foghorn