Worse is behind. with this extra shares offering. The balance sheet should be good now and divy reduction also will halp them to retain more cash.. Iron Ore prices are fabulus now @ $160 almost. Their Q-1 will be fantastic. I think they will beat est of $0.27 with earnings of $0.50 atleast. They better learn from thier mistakes and lower the mining cost, so they can make money when iron ore is at even $80 /tonne
Look at the world situation. These coal companies are still in trouble. I know they have more than coal but not a lot of folks are going to be putting their money in commodities right now. If this is the beginning of a correction look for this to go lower.