Iron spot hit 191 in australia yesterday, Platts is 150.00 Vale reported huge loss and is green...clf will follow soon...
mayb not "raised". They wanted to raise, but so far we do not know how the raising has been going.
One billion raised on which cost? How many new shares entered?
when the preferred is exercised and that is their only option then it will be in the neighborhood of 36 million shares including the 9m they sold for approximately a 25% dilution in stock at a price below current book