He was a Community worker and a one term in Senator before becoming President . What do you expect from him? He has NO business experience.
SB IO price $44.7 on Thursday 2/4/16 and slowly climbing. When it hits $50 and above, CLF will make bookoo bucks due to huge cost Cutting.
FED is so screwed up. Don't know the hole from the head. Japan, China, ECB all cutting rates and FED wants to increase it. These Morons are Destroying the whole stock market.
None of the US Steel companies will be able to buy CLF except NUE. All other Steel
companies have their own big debt on top of CLF's debt. However NUE may be able to buy them out as they may have a vested interest in CLF's DR pellet Business..
That CLF has now shed a lot of a non-core assets and is clean and just in IO pellets business mostly in USA. The NAC chapter is now closed and BL will soon be over. They have cut all cost drastically, get some moneyout of E.Can assets and will also get a fat big Tex refund. SB IO prices are now moving up and they may buyback some highly discounted Bonds and reduce debt by $1B to a very manageable level of $1.4 B. All this is now coming together and as a result, we should see a gradual increase in stock price. By the end of Q-1, I will not be surprised if stock is around $4 to $5. Commodities are moving up in prices and Vale, BHP, Rio and FCX are also all up . Gold and Copper prices are moving up too.
red.. I am Back.. It sure closed Green by 3 cents @ $1.93 but important thing is that it was able to cross $2 today and thats the good news. It may actually close over $2 tomorrow.
That btuoptions is very annoying and just a jerk. I may report him to Yahoo. Hope he just goes away. He may be solarmanmike?
Q-4 cost was $45/MT but LG in CC said for 2016, the cash production cost will be between $50 and $55 due to idle mines.. .. but more closer to $50/Mt