Ya let CLF do its thing and see where it lands. Every miner is getting crushed as the US dollar strengthens. It could be a lot worse frankly.
7 days going on 8 days of hanging around $3 is good news. rome wasn't built in a day let it consolidate
and to smallercap's point IF this selloff is predicated upon liquidity concerns due to seasonal working capital circumstances that is a gift
#$%$ do you expect from LG's MNGT in the form of defense here? The guy just bought shares on the open market in his personal account. step away from your keyboard and get some air
Casablanca Capital stated:
"Due to the death of our former chairman and co-founder, Donald Drapkin, Casablanca Capital has decided to wind down its business. In connection with that wind down, we have exited our position in Cliffs Natural Resources Inc., held by funds or accounts managed by Casablanca, entirely. Drapkin passed away in February"
As of their last quarterly 13F filing Casablanca held 7.284 million shares
No this is flawed rational. Essentially LG would be retiring debt that he will eventually have to repay at par upon maturity at cents on the dollar. If anything it would indicate LG sees CLF future as a going concern is intact.
Ya you are right beating revenue expectations by 12% and EBITDA expectations by 58% is terrible!
Haha don't feed the troll