You have no clue what you're talking about. A few years back when it dropped to 30, they only had approx 1.2b in revenue and under $3 eps. Plus Sam Poser, probably one of the best analysts covering this, scared everyone by insinuating that UGGs could be a fad.
This will find a floor in the low-mid 60's. It might have already hit it if we weren't in a potential bear market. The CC was horrible but the numbers really weren't bad. Next Q guidance on an eps basis is negative but the revenue guidance is the same, which is really what anyone should care about.
Here's your reasoning for the down day and when a 15K share trade can drop and pop this stock $1, you're going to see 5% daily movements.
Its a total joke; the company is in fine shape.
What the heck are you talking about saying that the short interest is larger than the float?!?
Your wife has a Bentley but you gloat about a penthouse in Florida? So you wife's car cost as much as your apartment. You're like the guy from the projects that drives a Mercedes.
If you going to create a charade, start with a more affluent area. Naples is low rent and would only sound affluent to a guy posting from and living in a trailer park.
These short funds are also notorious for hiring posters on these stock boards to either attempt to negate a post (possibly like the w1h2o3 guy posted on our top discussion) or to spread doom and gloom. Most of these people posting hold no position personally, and always pop on when the stock price is depressed.
Since the analysts and media covering this company are controlled by hedge funds with a dedicated short bias, its really hard to know if CLF really is in any trouble. I doubt they are in any immediate trouble or the analysts would not have given the need for additional capital in 1-2 years. 1-2 years on wall st might as well be a decade since it holds no validity.
You're spot on. It sounds like a kooky conspiracy theory except this is a truth and happens all the time. Funny how you have to file if you own over a certain % of common stock but shorts never need to disclose any holding.
This is an obvious shorting attack by one, or a few hedge funds, utilizing the banks they trade with and press people on their payroll to spread their short stories. Of course this wouldn't work without the depressed price of IO but the consistent flow of bad press, especially after good news from the company to negate any run up is an obvious sign. They create a story, usually using misleading info (ie - grouping CLF with other miners who do business based on the short term, spot price IO ) and long hypothetical forecasts (needing additional funding in 1-2 years) and then basically tell all the banks and press to push these fabrications. If all the banks and press are saying the same thing then they MUST be real. Another easy tell is not only do they all spread the same story but that if they are trying to negate good news with it, they ALWAYS compliment the management team with whatever good they have done then quickly end it with a .... its just not good enough to outweigh the bad. Problem is, the big money know the scam going on and probably get out or join suit, thus compounding the free fall.
I was laughed when I read your post.
I was also laughed when I realized that you're making a stock prediction.
I guess we can all was laughed.
Actually, he was asked what the cost would be to close the mine and he said that he knows the number but wouldn't publicly report it at that time. I believe it was an answer to one of the earlier questions in the CC.
How exactly did he lie? Last CC, he said they were looking for partners and they would make a decision no later than the end of the year.
Looks like he's actually been honest. He made zero claims about Bloom Lake except for the fact that with the 1.3b investment, it could be a profitable mine.