CLF is a trading stock.. Buy around $3.00-$3.10 and sell around $3.25-$3.35. keep
doing it with 2000 shares minimum.
iron ore.. any Idea on todays' IO prices? China still sipping their #$%$ Steel in this country
inspite of tariffs and Obama Adm will do Nothing
Someone is removing threads here... jerk!!
Not Good. Expect the rally to fizzle out and price of Copper Iron Ore, Steel , Nickel etc. will begin to decline as China will buttress Economic growth and thus No Stimulus and Expected Rate Hike by FED in June.
@$3.41 in Pre-Mkt.. It will get above $5 by the middle of July as Q-2 earnings date approach . We should see Q-2 earnings of $0.50 or higher as the balance Sheet gets cleaner and cleaner.
CLF will be a pure US IO company in next 5 years as it winds down all other assets and lower the debt. They will sell as much as 25 mil US IO pellets per year as Steel MFG comes alive. LG getting set to do just this.
SP up 5.55% @ $3.48 in Pre-Mkt. Something must be cooking. Le me check the news.
It says CLF APIO will stop IO production in next 4 years. This must be good news as its hard to compete with RIO and BHP there. Good Luck all Longs. C ya later
Keep Dreaming... Any Acquirer will have to also buy CLF's $2.5B debt. I hope you could be right but not
He prolly didn"t get laid in last 2 years...lol!! You are right ...he is all over this Board with his thumbs down posts and whatever comes to his mind.
There is NO way it can happen. He doesn't have any big assets to sell anymore. APIO can bring at the most $300 mil and leftover Canadian assets are worth peanuts and LG is NO magician. Only way to lower the debt drastically is to increase the cash Flow and that will require to sell a lot more US IO.