"The Company’s Board and new management team led by Gary Halverson have taken - and will continue to take - decisive steps to reduce costs and prudently allocate capital while steadily improving Cliffs’ financial and operating performance, including through the ongoing, comprehensive review of our portfolio of assets and strategic options. This Board and management team is best positioned to deal with the difficult price environment Cliffs is dealing with today. Change is already underway at Cliffs and we remain committed to enhancing value for all of our shareholders"
Still talking generalities and no specifics. What are your actions? What assets are you looking at and what are your plans for them? What change is under way? Now is the time to get in front of the camera and tell the world all the details. Your time is running out and you may lose the support you need to keep your jobs.
At least if they can provide guidance for Q2 earnings, to see if their cost cutting strategy is working. They also mentioned a comprehensive review of assets and strategic options . I understand that there is also plans to idle or sell some assets ? They have to speak to their shareholders and give specifics before earnings and meeting. They can't stay silent with stock down 4% every day.