May be you are right.. my apology. Its the cash left after paying all the bills in a QTR. and its positive.
Go read Value Line report on CLF dated 9/11/15. They expect CLiffs' Cash Flow of $0.30/sh in 2015 and $0.65/sh in 2016.. which translates into around $1B for 2016.
wb.. ature and imagine.. I think same that Commodities may have bottomed out and CLF should have advantage now. Q-3 earnings a little more than 3 weeks away, and hope they are better than est. to push the SP above $5
They are all Long and missing today while SP is up 18% along with a few Shorts like oht and lots-o.
Where do you get $78 /Mt? Its around $55-$60 and their sale price per CFO in !st HF was $84/Mt. They will sell atleast 6 mil tons in Q-3
Q-3 US IO ....... $180mi ( $30 x approx.6 mil tons)EBITDA
Q-3 APIO ......... .. 20 mil ( $10x 2 mil tons)
Total Q-3..................$200 mil EBITDA
Expenses... $45 mil interest + $25 mil CapEx + $30 mil SG&A + $13 MIL Pref. Div.+$25 mil
Dep/Am == $138 mil expenses
$200 mil - $138 mil == $62 mil - $7 mil Fed taxes( 10% rate) = $55 mil net profit or $0.35/sh earnings likely
oht is just a joke.. I get a kick out of his posts w/o any real substance.
Glencore up over 15% as Shorts getting knocked out. Same is beginning to happen to CLF. SP up 14% @ $2.92. Go Longs!!
Someone is erasing threads???
As Q-3 Earnings and CC date gets closer. I think CLF will beat Analysts' est. of Loss with a surprising
positive earnings. We hear more and more that all commodities prices have now bottomed out including IO.
red..LG rather make Share Holders suffer than sell Coal mines..lol. Glencore and X2 resources are both in the market to buy Rio's coal assets in Australia. May be LG should approach them to buy Met Coal mines here.
imagine.. Both Mr. Glasenberg , CEO of Glencore and Mr. Davis CEO of X2 Resourses are bidding $3B for Rio Tinto's Thermal Coal assets in Australia per today's WSJ. One of them should consider buying CLF's MET Coal mines instead. ..Much better and more valuable than thermal coal. I bet one of them can buy both mines for around $200mil-$300 mil.
South African Mines enlist Robots to cut production cost per today's WSJ. May be CLF should think about it here in USA
Construction spending, Auto sales are setting records and even new housing is going up nicely. There is No reason why CLF can,t make money in Q-3. No excuses about SB IO prices . Per their CFO KT, their
realized price of IO in USA was $84/Mt in 1st HF. I do Hope they surprise WS. LG has done that before and hope he can do it again.
You are just a FOOL.. you come here once in a while, and defend MNGT w/o knowing anything. They can sell their Coal mines if they want to like others have done. There is always a buyer .. may be not at the price LG wants. Beggers can't be choosy. Take the damn money reduce debt and they will have NO/ Capex operating expenses for mines. As simple as that and SP will go up.