get ready for cheap $2.50...or $2 for bargain shoppers...
Let's roast this turkey really good once for all.
CLF will likely go BK if io price at 30 or lower.
Will ACI make it through this Christmas or not?
The weak demand from China is hurting iron ore prices. The supply side, on the other hand, remains quite strong. In their latest quarterly reports, iron ore majors reported record quarterly iron ore production numbers.
- CLF will NOT survive while BPH, RIO, and VALE continue to over produced and sell at low low price with little market demand of iron ore right now.
Under $1 soon, delisting, reverse split and go back under $1....Look at ACI and BTU, CLF is in the same boat!!!!!!!
Total agreed. CLF fate will be the same as coal stocks. Many coal stocks incurred massive debts with their acquisitions at coal peak cycle and now some are already bankrupted and other coals are on the verge of going BK soon. CLF fate could be similar.
CLF is looking more and more like coal stocks ACI, ANR, and WLT. It will have to do something about its huge debts or risk of going BK.