Well I was involved in the FWR takeover and wisely (in hindsight) took Cliffs shares in the end. This move up today is very welcome to my pocketbook.
I also own a lot of shares in both SPQ and KWG and have for several years. I do not want to let them go for an undervalued offer such as the one Cliffs has made. I am hoping that the KWG valuation comes in at or above $0.25 so that cliffs will have to increase their offer for SPQ and subsequently KWG.
In that way all of us retail investors will have made a great return on our investment in junior mining and Cliffs will still have made a good deal in the long run giving them an unmatched position from anywhere in North America.
My fingers are crossed -
IMHO - Wishing