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Cliffs Natural Resources Inc. Message Board

  • june471 june471 Oct 15, 2013 10:16 AM Flag

    Rio's Management did what CLF's didn't

    Rio's operational update today has pulled the cover off of Pandora's box for shorts. The utter incompetence CLF's management has shown in shareholder/stock price management is stunning. Nevertheless Rio's report of record I/O production this quarter has caught Shorts by surprise and now the race is fully engaged.

    Thank you Rio's IR department.

    Sentiment: Strong Buy

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    • All the pieces of the puzzle points to a great quarter for CLF, just too bad we have to put it together with no input from CLF's management.

      • 1 Reply to w999surf
      • Exactly Surf. Shorts were counting on the Debt Ceiling Fiasco to tank the market and continued silence from CLF's management. What Rio's IR department did today is what many have been looking for from CLF and that is a simple operational update. When there is a vacuum of information, shorts will definitely fill it. One of the reasons that so many shorts are in this stock is the silence from management allow them to paint a story that is untrue and depresses the share price and causes significantly volatility that really isn't necessary.

        Sentiment: Strong Buy

    • You are on the CLF board. Perhaps that glowing info would be better placed on the RIO board. I am certain Clf's will come around. Already has. Don't you know.

      Sentiment: Hold

      • 1 Reply to redhaw_2000
      • I wish CLF management is as responsible to its shareholders as RIO's management is. All we ask for is an update on sales. RIO delivered a sales of 4.4% more than last year which amounts to 68 or 69 million tons. Since CLF sells less ore a spike could mean a larger percentage. Especially with the work being done at Bloom Lake. Were mine expansion leads to increase ore.

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