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Cliffs Natural Resources Inc. Message Board

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  • miningstockpicker miningstockpicker Mar 4, 2012 12:23 PM Flag

    Cliffs CEO Sells 59,349 Shares @ Over 4 Million Dollars CEO (Joseph Carrabba)

    Know what you are talking about.He didn't BUY ANY SHARES. The shares he acquired were NON OPEN MARKET as part of his compensation package.

    He wouldn't have sold this big amount of shares 59,349 of them at the price he did if he thought Cliffs was going higher would he? This CEO sold over 4 million dollars worth of his companies stock and that has many share holders wary and it should.

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    • Non open market price remember that.And also while we are at it look at Cliffs CFO (Laurie Brlas) sales.Much more than usual.The question should be,what do they know?

      Is it the historically low 1st quarter results on the way with the lack of iron ore shipments out of the Great Lakes with the Locks being closed for over two months for winter?

      Is it the tripled costs of their Ring of Fire project? Have you seen how much it is going to cost now for a project that Cliffs will not see a dime from for at least 3 years?

      Do some research before you post it.

 
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