Spider Resources

Perhaps extreme pressure was put on by Cliffs so they could get their NR out on friday due to monday being a holiday in the US. Cliff likely wanted to put extreme pressure on shareholders of SPQ to have the whole weekend to realize that it is a done deal,BUT KWG still lives and anything could still happen. Obviously the merger vehicle was not going to work. It was difficult for KWG to take on Cliff,when Cliff has the massive wealth and KWG really has no cash to fight the takeover of SPQ. There is only so far that an all share offer by KWG for SPQ could go,IMO. Lets face it. THe proposed share offer of 1:1.30 was probably the limit without affecting the value for existing KWG shareholders . IMO, an entirely different approach is needed and it may just come.