This guy is so gutsy and not afraid of Analysts , WS or Barrons. He has a vision and 30 years experience in Metals industry and knows a lot of High level people in Mining/ Metals business. He will eventually sell some non-core assets at the "Right Price" and concentrate on just US operations and eventually take the stock price to $30 in next 12 months. CASA wants their money. Remember their cost for their 8mil shares of CLF is $25.40/sh.. and LG is their man.
CLF @ $10.70 as of now up 4.7%
Image.. thank you.You are a scholar and gentleman.
Holding some 6500 shares of CLF, at price under $17 , I have high hopes that Goncalves is the right guy for this job and he seems to know what he Must do to make this company financially
successful and drive the price higher for his Shareholders.
You bashing CLF/LG, and you posting here that you are holding some 60,000 shares of CLF... liar?? go sell CLF and buy Vale if you love this Brazilian company.
#$%$.. this religion #$%$ has to do with CLF? This is a Message Board for posting info pertaining to CLF and other similar mining/metals stocks.. Preach your religion somewhere else
Sorry about that. I would had loved to meet you and 11 others who were invited to Cleveland, and would had thrown in Fries and a Drink too in the Westlake ( suburb of Cleveland and 10 miles from CLF HQ) McDonald.
I also think LG is the right guy and he has the right approach to solve CLF's multitude of problems and put it on a solid financial footing and stock price will take care of itself.
And what you going to do about you said you bought some 50,000-60,000 shares of CLF in your wife's IRA account? Plaster your Living and Dining room walls with share certificates? lmgdfa
hey fucav.. if you stop answering this solar jerk ..he may go away. He talks from both sides.. praises LG and then bashes him and CLF. All he wants is ATTENTION!!
yup ..it will come for your home.. cuz you probably to shorted CLF and don't have money to cover it now. Find some tent or shelter house.
Why preliminary..?? Its already a part of Q-3 results that they took some $5.8B Charge related to NOW mostly inflated BL asset....thanks to Kirsch and Carraba. LG is now bringing in the reality check. Its a huge write off but doesn't change any money or affect financially except the BV is practically NIl as the assets values are much much lowered. One good thing will be that this Charge will be used to offset future earnings and CLF will not be paying any FED taxes on earnings for a long long time.
By the end of this year CLF will NOT have to worry about China's GDP or PMI as I am pretty sure LG will make certain that he wants NO Part of Seaborne IO market and all those AP assets will be sold at a "right price" by the end of this year, and MET Coal is surprisingly still CF positive in spite of it being at $110/ton and coal prices will go up if REP likely takes a control of Senate in addition to House in NOV election. BL mine will find Nucor Steel and 2 other Japanese partners by the end of this year and perhaps be able to produce some 13.5 mil tons of very high quality 66% Fe content IO and will be finally profitable.
I think CLF stock price has stabilized around $11 will fluctuate between $11 and $13 between now and the end of this year and further move up will depending on how sales of AP, and MET Coal and JV with BL mine materialize and Q-4 earnings.The new estimates went up from minus 9cents to plus 9 cents for Q-4,and that is a big 360 degree change. I expect they will beat the new estimates handily with Q-4 earnings of $0.50 at least..IMO
A Republican majority BOTH in Senate and House will be great for Energy and Coal stocks and that includes CLF. Cliffs stock price should move up significantly along with the whole market tomorrow if that happens.