Look at IO stock levels in port and in china at mines extremely low. Restocking phrase will come soon pushing prices back above $150
The only problem i hear is the use of the word "YET" as in "we have found no related cash changes in values Yet and all revisions are non cash currently" I guess that's the risk because assets value determine credit lines and preferred stock offerings and common which would have a case for suing because actual value of assets were not correctly disclosed.
MB Iron Ore Index rises on improved demand
The Metal Bulletin Iron Ore Index for 62% Fe material rose by $1.21 to $141.41 per tonne on Wednesday April 10.
London 10 April 2013 13:07
Sentiment: Strong Buy
Learn to read the data idiot, everything you have said is untrue..
as far as trading I'd sell the prf and buy the common, they are almost at par to each other and the common will price up quicker due the the underwater convert ratio on the prf a la 2016
If there was one it would have to be above the $28 mark even due to the new common issued was at $28 and those investor would have a case for a law suit otherwise, as well all share holders could sue for not getting at least book value, CLF has lots of liquidity, assets and are PROFITABLE. A buy out would only be accepted if it was at a prem of at least Book value which is in the $40 for proved, the yahoo number of $32 isn't correct it included depreciation etc... at these prices a hostile is possible but now everyone is underwater by 10-30$ a share so getting support from large holders of shares would be impossible below mid $40
perhaps it was prorated because the debt ie PRF were issued 2 months ago, not on jan1, I suspect that is why. Much like an MPL prortae the first distr to investors based on how many days in the q they were public after ipo
just wait until the quants realize the profit from a short squeeze, the machine will take it up just like they took it down.
You are an idiot. Acct payable?! Really, with over 500 in cash and cashflow exceeding 600 million and proceeds from Amapa sale in q2 of 250-300 million....fool and his money...
The Senate plan, in contrast, includes $100 billion in upfront infrastructure spending to stimulate the economy
First Point Minerals Corp. (TSX: FPX) ("First Point" or the "Company") is pleased to announce the positive results of a NI 43-101 compliant Preliminary Economic Assessment ("PEA") for the Decar nickel-iron alloy project ("the Project") in central British Columbia, demonstrating the economic potential of the project. The PEA study was prepared by Tetra Tech on behalf of Cliffs Natural Resources Exploration Canada Inc., an affiliate of Cliffs Natural Resources Inc. (NYSE: CLF)(Paris: CLF) ("Cliffs"). The results of the PEA demonstrate the positive potential for establishing a greenfield open-pit nickel mine and an on-site magnetic separation and gravity concentration processing plant, using conventional technology and equipment. At a projected throughput rate of 114,000 tonnes per day (or 40 million tonnes per year) over a mine life of 24 years, annual production averages 37,369 tonnes nickel, or 82.4 million pounds, in concentrate at an operating cash cost of C$3.23 per pound.
Sentiment: Strong Buy
I would be at a prem. to book value, nav, proved reserves etc which has been pegged around $40, so I would gues 45-55 a share min to avoid shareholder revolt and lawsuits. Plus management needs to take care of themselves too. The great thing is CLF is uniquely dominant in North America, VALE, BHP, ROI, FCX could all start a bidding war. so a60-70 takeout isnt not impossible, in 2011 bhp offered 90 but was refused