Cool story clevie, how convenient. Shame you were unplugged and weren't here to buy in the 7s like the rest of us, and then sell at near 11. You're down 50k, everyone else is up.
Did management know in July that the copper exports temporary permit had expired? Was the public informed by the company or 3rd party? Yet another reason on display why not to invest in this management team! Single digits and no Cleveland or any of his other ids to pump the stock to newbies after he's lost half of his money. Because of the debt and questionable acts by management when they decided to bail mmr, I prefer to invest in a more focused oil company or miner when the time is right.
It would seem that mining company investors would invest in a beaten up major mining company that focuses on mining that's not drowning in debt. Why wouldn't oil play investors invest in a beaten up major oil company instead of this dog? Playing the cycles is one thing, but the company better have the staying power. That's in doubt with this one.
Cleveland says they'll probably issue some shares down the road, but not at these prices. I agree, if they issue shares down the road, it'll probably be at lower prices, so to raise a billion, they'll have to issue more shares. As far as Cleveland's flexibility, he'll need it while bending over to grab his ankles.
Check out the thread, Cleveland forgot to change his id and posted as ipumpsowhat. Busted, multi id pumpers should be avoided like the plague.
Rewarded, really, more like slaughtered. Stupid advice, and hopefully most didn't take the bait. I continue to say don't take Cleveland the multi id pumper's advice.
pumpchump going to march out all his multiple id's this morning, doubtful anyone listens to this tool anymore. Hopefully the offering will provide enough liquidity so management can continue to pay the fat salaries and bonuses. Single digits very soon, and what happens when the overall market does finally implode? Follow clevepump's advice straight to bankruptcy, or ignore him and prosper.
Good catch timeforacrash, I knew clevepump was lying about his basis. How could you blame him, he's down over 50k if you believe his statement that his basis is 15.54. Probably way worse than that. Time to march out all the pump ids.
I'd check the IQ of the pumpchump who's been screaming buy all the way down from $23 and getting punked all the way down. I guess Cleveland should have known his limitations.
Those are 5 good reasons to avoid your nonsense like the plague. "Debt service not an issue," have you lost it totally? Can't wait to see the resulting write offs following any IPO. Your funny.
Mike, you can't reason with a tool, he already needs a double to get his money back since he's full of BS on his basis. Glad he's happy because he hadn't sold yet. Ride it into the ground, smart move.
Pumpchump at it again, using all his ids including boardmonitor and the rest. Glad I got out at $33.50, saved myself a ton of money while Cleveland is still gripping his ankles. Wake up, you're not taking anyone's money, you're losing your money though, and in a big way. I feel sympathy for the long term longs, they didn't deserve this, but a clown who comes in late with a list of id's pumping the stock, and then loses his arz, well that's fun to watch. Keep up the good work cleve.
Cleveland down $45,000 in a matter of a few months. While this can happen to anyone, it seems odd for such a big loser to call anyone with a contrary opinion a punk. After all, he's the one being punked here, and moreover the punking will continue for him and his multiple ids unless he dumps. Also, I have one id and one id only, although I do agree with most of what mikemills posts about Cleveland. Sympathies to the long term longs here, they didn't deserve what jimbob served them.
Those marginal miners don't have an oil & gas operation and $21 billion in debt as a result of it. Marginal miners don't drill a couple of dry holes at a cost of $2 billion. If FCX goes down, it won't be result of the mining side, it's the O&G that could kill it. Oil surpluses and low prices are projected for the next year or two if not longer, and debt service and lack of sufficient liquidity are real problems with few to no solutions available. Management's plan is a spin off IPO at the bottom of the market, who would do that unless it's the only option. They're caught in the perfect storm.
If they take the debt, then it's not for free, it would cost $9B, nobody will pay the bloated bailout price for these assets. That's why they think the IPO is the way to go. Good luck with that. JB and crew need to step aside for the sake of the shareholders, they're responsible for this debacle.
The message board pumper's advice and all his pumping id's should be avoided at all costs. Cleveland's flawed analysis of fcx has resulted in losses nearing $40,000.00 on just 10,000 shares. He continues to pound the table with his statistics and unreliable perceptions. Anyone thinking that the IPO is going to yield significant returns is a fool. Experts saying oil down for 4 years, any attempt to sell energy assets during this timeframe will yield only fire sale results. Big oil waiting to pick off oil players in trouble. You want to make money, go opposite of the pumping idiots, and where is Cleveland's Gordon gecko id with his $15 by Friday prediction.
He's getting the bone again this morning. All the pumping with his multiple ID's and name calling won't help him. Funny watching the guy calling everyone a punk getting punked himself. Newbies stay as far away from this tool and all his other ID's advice as possible. Silver lining is he'll have loss carry forwards for the rest of his life before this is over.
Have you ever bothered to set Cleveland right on his buy calls in the upper teens and twenties considering the sp is in the low 11's just weeks later? No, because you are Cleveland, and your name calling is just like Cleveland. I'd bet the farm against you that I have only one alias/id, but that's not the point, what's important is who should investors and newbies avoid like the plague. That would be Cleveland and anyone supporting that idiot who's been predicting buys all the way down for the last 50% drop.