even if it is not completely doomed, they will need to do reverse split very soon to remain listed and that is itself a bad news for this stock.
China is killing all commodities!!!!!
More pain for CLF tomorrow!!!!
If no debt swap deal tomorrow, ACI will go BK like others before it.
Rogers expects the fundamentals to ultimately drive oil prices back up. And he remains upbeat about other commodities for the long term even as the benchmark he created, the Rogers International Commodity Index, is down 12% in the last 90 days and nearly 60% from its 2008 all-time highs.
“I wouldn’t buy iron ore with your money going forward because there is an excess capacity [but] I’m optimistic about agriculture” said Rogers, who sits on the board of PhosAgro (PHOR.ME), a Russian fertilizer company that has seen three-month returns of 41% partially offset by ruble’s (RUBUSD=X)18% decline in value. “But I wouldn’t buy gold (GCZ15.CMX) and silver (SIZ15.CMX) yet. If gold goes under $1,000, I hope I’m smart enough to buy a lot gold because in the end, gold is going to turn into a bubble.”