Happy Thanksgiving to All!! A huge Infrastructure spending will raise US Steel ,copper and IO prices and also will boost their SP.
To fix crumbling roads, bridges, tunnels etc. using US manufactured Steel, IO, Copper, cement, brass etc. This will also allow some inflation that FED is looking for to raise rates
MET Coal mines are better than Thermal coal mines . So if BTU can sell their Thermal coal mines , the question is why can't CLF sell theirs?It seems more and more that LG just DOESN"T want to sell unless he gets his price which No one knows. Beggars can't be choosy but He keeps giving excuses and Shareholders suffer.
CLF is the only US IO company and Justice Dept . will not allow it to be purchased by outsiders like Vale, Rio or BHP
Tell LG to stop buying new IPhones and computers for the employees, and cut back all the perks, raises and bonuses. Stop expansion of plants and cut CapEx drastically and Use money to buyback shares.
I don't understand why CLF can't sell their Coal mines while others can. What is LG asking for them.. moon and stars?. CLF also needs to drastically lower ALL FRIVOLOUS COST. IO prices are at the Lowest around $45/ton
Peabody to sell Coal assets in Colorado and other places.. so why can't CLF? LG is Just NOT interested.. He only talks of selling
Then they are doomed unless DRI pellet project with NUE takes off. Other way, I know to survive would be to cut cash cost of US IO from $55 to $45 by doing a lot of cuts in overheads and CapEx.