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PharmAthene, Inc. Message Board

solarmanmike 1848 posts  |  Last Activity: Aug 15, 2014 11:14 AM Member since: Apr 5, 2010
  • Reply to

    CLF Stock Now Tanking Like it Did Before...

    by vipinkot47 Aug 15, 2014 11:10 AM
    solarmanmike solarmanmike Aug 15, 2014 11:14 AM Flag

    Stfushutthe phack up! You and casablanka deserve each other!

  • CLEVELAND - Aug. 15, 2014 - Cliffs Natural Resources Inc. (CLF) today announced that as a result of the Company`s incentive equity plan for officers and key employees and the change in control provisions in that plan, including certain change in control arrangements adopted by the previous Board of Directors in September 2013, Cliffs is obligated to make significant payments to recipients of awards previously granted under the plan.

    Pursuant to these obligations, Cliffs anticipates making a payment of approximately $11 million to Gary Halverson in the current quarter in connection with the termination of his employment. Mr. Halverson joined the Company as #$%$ November 18, 2013, was appointed President and CEO on February 13, 2014 and served in that capacity until August 7, 2014. The Company also anticipates making additional payments of approximately $16.9 million this quarter to satisfy its change in control obligations under awards previously granted to other officers and key employees that are payable without regard to continuing employment.

    The Company also has potential future liability for additional double-trigger payments of up to $40 million (based on the current share price of Cliffs` common stock and other factors) but expects that triggering events and therefore actual payments will be minimal. This potential liability will expire entirely in two years.

    Cliffs also announced that Timothy W. Sullivan has resigned from the Cliffs Board. Mr. Sullivan had served as a director since January 2013 and was Chairman of the Compensation Committee from July 1, 2013 to August 7, 2014.

  • U.S. Steel price target raised to $41 from $31 at Argus

  • solarmanmike by solarmanmike Aug 12, 2014 7:51 AM Flag

    ...not seeing $10.00...not seeing $7.00...and not seeing ohtaegun/orangutan...did the clown MISCALCULATE, as usual?

  • ...stuck in New York for a closing on my property...I don't have steady access to the internet...pleased to see the dog is hopping...shorts have been buying up K-Y Jelly in NYC...well, may Allah have mercy on their souls...

  • Port Hedland intend to stop work for four hours on Aug. 9, 11 and 13 over a pay dispute

  • Ingersoll-Rand upgraded to Buy from Neutral at ISI Group

  • Price target raised to $113 from $110.

  • BHP Billiton calls proposed strikes at Port Hedland 'unlawful,' WSJ reports

  • Reply to

    HALFverson and GonHALF

    by solarmanmike Aug 6, 2014 6:11 AM
    solarmanmike solarmanmike Aug 6, 2014 6:37 AM Flag

    BHP Billiton calls proposed strikes at Port Hedland 'unlawful,' WSJ reports

  • solarmanmike by solarmanmike Aug 6, 2014 6:11 AM Flag

    I hope they do not cut the PPS in HALF...Thou shalt not HALF the PPS of CLF in HALF. HALF you no sense?

  • solarmanmike solarmanmike Aug 5, 2014 8:57 AM Flag

    I am in NY for a real estate closing...CLF has become lethargic...we need to push through $18.50...

  • INGAPORE, Aug 5 (Reuters) - Steel and iron ore futures in China climbed to their highest levels in more than two weeks on Tuesday, buoyed by hopes that government efforts to stimulate the economy would spur demand for the two commodities.

    China has since April been steadily fuelling economic activity by reducing the amount of cash that some banks have to hold as reserves to increase lending, instructing regional governments to quicken spending, and hastening the construction of railways and public housing.

    Chinese steel and iron ore futures stretched gains from Monday even as equities retreated after racing to 7-1/2-month peaks after a dismal survey on the country's services sector.

  • Reply to

    my last post

    by coalman426 Aug 4, 2014 7:02 PM
    solarmanmike solarmanmike Aug 5, 2014 7:50 AM Flag

    If he is like vipinRAT, we should see him back within a day...

  • Most of them shorted below $27.75...A deeper reaming is in store for CLFs shorts...

  • Tired of the censorship and deletion of innocuous posts...IS THIS AMERIKKKA OR CHINA?

  • Reply to

    Steelmaker Returns to Second-Quarter Profit

    by solarmanmike Aug 1, 2014 7:49 AM
    solarmanmike solarmanmike Aug 1, 2014 10:08 AM Flag

    I bought puts...I am not that stupid...it has the potential to hit $44.00, but I doubt it...there's talk of potential bankruptcy of certain Canadian assets...In any event, X is known for making wild swings...at the present, X is range-bound...

  • LONDON— ArcelorMittal MT -2.31% warned on Friday that it will miss its target for full-year earnings as the world's biggest steelmaker by shipments bears the brunt of lower commodity prices, despite swinging to a second-quarter net profit for the first time in nearly two years.

    ArcelorMittal said higher steel and iron-ore shipments more than offset lower prices in the three months to the end of June compared with a year earlier.

    The company, which produces more steel than its next two biggest competitors, swung to a net profit of $52 million in the second quarter, compared with a net loss of $780 million a year earlier. Sales rose 2.5% to $20.7 billion.

    Earnings before interest, taxes, depreciation and amortization or Ebitda, rose 3.7% to $1.76 billion in the second quarter, missing analysts' expectations of $1.86 billion based on a FactSet poll of nine analysts, largely due to a $90 million charge related to the settlement of U.S. antitrust litigation on price fixing.

    The group said its full-year Ebitda would likely be more than $7 billion, below a previous forecast of around $8 billion. The downgraded forecast reflected a likely average iron ore price of $105 a metric ton for this year, compared with $120 previously expected, which will hurt the profitability of its mining division, the company's largest earnings driver.

    ArcelorMittal invested heavily in developing new iron ore mines during the recent decadelong commodity boom to protect itself—even profit from—burgeoning iron-ore prices. The price of the steelmaking raw ingredient rose as high as $186 a ton in 2010 as insatiable appetite from China, the world's largest consumer of iron ore, continued to grow.

    ArcelorMittal expects that growing iron-ore shipments from its mine expansions will offset some of the price decline, but not enough to support its previous earnings guidance.

    The company also expects the profit margins of its U.S. and European steel operations to benefit from a demand recovery there.

    "Looking ahead, indicators in both Europe and the U.S., which together account for two thirds of our shipments, continue to be positive and we have increased our steel demand forecasts for both markets," said Lakshmi Mittal, the company's chief executive.

    ArcelorMittal raised its European steel demand forecast to 3% to 4% growth this year from up to 3% previously, and expects demand from the area comprising the U.S., Canada and Mexico to grow 6% instead of 5% this year.

    The growth in Europe and North America, however, will be largely offset by a decline in Chinese steel demand, which the steelmaker now expects to grow by up to 3.5% instead of up to 4%.

    ArcelorMittal kept its global demand forecast unchanged at 3% to 3.5% for 2014.

  • Chrysler Group LLC said its U.S. auto sales rose 20% in July, as its Jeep brand turned in another month of strong growth.

    The auto industry's sales have continued to fare well even after a spate of recalls. Following better-than-expected sales in June, analysts are projecting auto makers to post bigger sales gains for July and persistent growth the rest of this year amid steady, if tepid, economic growth and continued low interest rates.

    Chrysler's gains were expected to be among the leaders of the pack.

    Chrysler said it sold 167,667 vehicles in July, up from 140,102 during July 2013. The auto maker said it was its best July sales performance since 2005.

    Truck sales—accounting for 78% of total sales in July—rose 27%. Car sales slipped 1%.

    Jeep vehicles posted a 41% increase in sales, the brand's best July ever, led by the Wrangler and the all-new Cherokee, Chrysler said. The Jeep brand has set a sales record in each month this year, the auto maker added.

    The Ram brand's sales rose 18%, with sales of the Ram pickup truck gaining 14%.

    Chrysler projected July U.S. sales for the industry to be a seasonally adjusted annualized rate of 16.8 million units.

  • solarmanmike by solarmanmike Aug 1, 2014 7:26 AM Flag

    Several attempts to post innocuous messages have been deleted...

PIP
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