Why don't you go back and look Q-3 and Q-4 earnings Since LG took control. Q-3 E was $0.23 when Analysts were expecting a Loss and Q- 4 E. were $1.00 OVER 700% when Analysts est. were $0.14. And LG will do it again for Q-1,15.. you idiot.
lishe..Does WS reallize that ?. They think Debt to Mkt Value is 4X ( $3B/$0.75B). too high!!
lishe ..your total debt amount of $3.56 B for CLF is NOT right. Per LG, the Long term debt is $2.6 B as of 2/4 CC and Total debt is under $3B including Bonds.
iron..THX.Great news. Hope CLF moves up today on this news. I still think Q-1 results will beat the Est. by a wide margin. I have been hearing that the company is cleaning out floors and consolidating on one floor and cutting other cost.
$51 is still a lot better than $47.. two weeks ago. Only CLF's smaller AP IO business is affected by SB IO price. I hear the rumors of a lot more cost cutting going on as LG loves t prove Analysts WRONG.
karma is a fate ..not something you can buy just as you can't buy any kindness or happiness.
As usual Shorts are manipulating CLF's stock price. It will NEVER get any respect until it produces sustained earnings QTR after QTR and gets debt /equity ratio down to NO MORE than120%.
skit..if you look at that way, CLF's APIO cash cost is about $50-$53 and so they still have atleast $10 AUD gross profit margins. For 10 mil yearly volume of AP IO, that is at least $100 margin.AUD.....Not too bad.
Analysts E.est. for Q-1 is MINUS $0.18 or ($0.18 )and not $0.18. I know its the weakest QTR but will speak a volume if its positive . It will tell a lot about CapEX, and other Cost cutting, Debt load and sale of any assets and status of BL in BK.
my point is CLF produces APIO in cheaper AUD and sells in USD. Rio and BHP have also the same advantage . IF CLF was to manufacture IO or IO pellets here to export to China or other countries, It would have a big disadvantage because of higher US Dollar, but USIO is only used captive here in USA and none is exported.