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Welcome To The Spider Resources HUB On AGORACOM First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

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Perspective on the $$ value of control!

Spider Resources

over 14 years ago

In the news recently, MAGNA Corp has been critisized for wanting to get rid of its dual level share structure which currently gives a multi vote status to Frank Stronach's shares and single vote status to all others. (thus unltimate control to Frank Stronach) The Corp is willing to "essentially" buy out Frank (the founder of MAGNA) for a sizable premium (400M +) not only because of the company's assets and balance sheet, but moreso because of the perceived value of "control of the company".

On this hub, we have been discussing the most recent "superior offer" by CLF without necessarily exploring the possible value (long term) of control of the asset(s)... CLF certainly has made it very clear that they value control and are determined to get it...could someone with a more in-depth perspective (knowledge) provide some insight into this if it is worth discussing...thx

Good luck to all SPQ and KWG shareholders.