'We have said all along that our objective is to obtain control of the Big Daddy chromite deposit in the McFaulds Lake area of Northern Ontario,' said William C. Boor, president of Cliffs' Ferroalloys business unit. 'We believe we can achieve that objective with our proposal to increase our offer for Spider.'

"Believe" you do in heaven. But we know their proposal is far below any decent offer and we have to stick together. And we have the shares.

And they can make it difficult for us but still we have the shares.

I agree: 0.50 cents is the minimum.