How low Cliff will have to go and SH will have to suffer before he should be booted out. Its Not all IO pricing. Its his management.. I am votong for CAS. They can't be any WORSE than Kirsch. Only persons who love Kirsch should be the shorts.
This is why they need a law that will make you have to show if your short if it's over 10,000 shares and they will call it the cliff law . This board should all be put in prison for what they are doing . Congress needs to check in what all these bankers are doing for shareholders value or are they just stealing from the shareholders to . I f we can see who is shorting it would make things much clearer as to what's going on and you can not tell me that these shorts are not working together which would be illegal right senators . Hell the state of Minnesota should be looking into what is happening to this company and all these bankers after all it is a Minnesota company .
I would love to see congress check into who is writing all these articles and who is paying them I am sure there is prison time there for some one to but that won't happen til we change all are senators . Then let the new senators go after Wall Street and clean up all the garbage there .
Since Casablanca announced its stake in Cliffs, the PPS has declined by more $8.00. Within 10 days, more than 7 laws firms advertised for Cliffs' shareholders to contact them. The negative articles by ghost writers have increased to more than one per day.
When Casablanca puts out a press release, the stock goes up; when Cliffs puts out a press release, the stock goes down.
Casablanca is manipulating the stock on the short side in order to frustrate Cliffs' investors and turn them against Cliffs.
Why vote for these MFs?
it's really obvious too. LOL Wait it out, if enough investors get #$%$ Cas might just get the votes to kick out a few board members then watch how many positive press releases there will be.
I don't worship Kirsch this company is a potential gold mine inspite of Kirsch. But I would like to see a game plan. The last two years there has been a darth of share holder presentations thus bringing into question the performance of management. I want to see a plan!
I think it is still IO pricing issue. If the IO price can go up, we have profit margin to allow errors from management. Unfortunately, the IO price is so low now, we do not have any profit margin to allow errors.
On the other hand, Chinese housing market is going to slow down. I do not expect IO price can go up in anytime soon.
I recommend to stay away with Iron and Steel for a while until we can get some good news on worldwide economy which can pick up current less demand from China.
With IO price selling below $100/mt, we probably will not make any money.