surf.. you are mistaken. OSU didn't play Oregon or Oregon State this year. Though They will pluck out Ducks Feathers on Monday nite. You have a good time watching game too..lol
At the end of Q-4,14. Mine put under Care and Maintenance status until Preps are made to put it in BK as BL subsidiary ..protecting the parent company and cutting the closing cost to around $300 Mil to be amortized over 5 years or $60mil/year vs $150mil-$200 mil annual losses when operating it.
I expect decision on BL mine coming any day soon..It may be either Can Gov Buying or part participation or BK. BL losses will be put to rest per what I hear.
at $71.2 up 3.30 or 4.86%.. This coupled with lower oil prices are great news for CLF to improve their CF, earnings and stock price and decrease debt . Resolution to BL mine will be an icing on the cake.
Happy New Year all... better days are ahead for all LONGS.
Shorting at $6 is like committing a suiside. Once LG clears BL mine ...likely by placing it in BK ,It will save Company some $150 mil -$200 mil in yearly losses and lower Oil price will help reduce pelletizing and mining cost in USA and also APIO. CLF will lower the debt and buyback Notes with much higher CF and earnings in 2015 and stock will make a strong move upside..IMO.
BL mine future may have been decided and announcement may be soon. No further comments.
IO price bottomed out and all commodities should move up in 2015.
We may see CLF around $10 by Feb depending on what is the outcome of BL mine. Shorts may begin to cover. That should further help CLF's stock price.
HAPPY NEW YEAR to ALL.
MS said that IO prices have hit the bottom. Also AL, Zn and Cu are all ready to rebound in 2015
I was out on Holidays and CLF seemed to have done a little better in last 2 day trading days. It needs to close above $7. Anything LG said about BL mine? He wanted to resolve it by the end of 2014 .. one more day to go..lol!!
Wishing you all a Happy New Year and Hope CLF will do much better in 2015
Last year CLF was around $27 , Now at $6........lost 78% value in one year. Thank you Kirsch and Goncalves.....what .a destruction of SH value. LG still lives in dream world and thinks CLF is doing fine and on a solid footing. He must be purty drunk when he put a message on CLF site