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antlizzie

06/28/10 5:15 PM

#1174 RE: DewDiligence #1173

Hello, I managed to find the board here. This afternoon some posters where I follow Spider were posting that they are getting phone calls from Cliffs. They are looking for support but on the board I read I doubt anyone will bite. Most are supporting the merger option with KWG. That is my decision too.
Merging will dilute Cliffs and give a 53% control to the merged entity. That way Cliffs would have to make a much better offer. There is no doubt Cliffs wants these chromite finds. It will be an interesting week to 10 days.
Liz