CLF likely to produce Q-2 earnings of $50 mil or some $0.30 /sh and the stock cant do a thing in a big up market. Vale has very little to do with CLF.. Brazil's currency is in turmoil and Vale is strictly at a mercy of SB IO pricing. I keep trading 1000 shares and Calls /Puts and keeping in reserve 10K shares I have.
haha... you got a good hunch..ca.. Don't you think its about time this stock get out of$5 range and move on in $6 area. You can not blame the IO price here. Its up some 30% from its low. Its all in the MNGT.
BTW, solar meister is back . I i saw his post here.
APIO sunny boy!! yes should have a positive CF and E. in Q-2. Not much CapEx investment ($5 mil or less)and the life of remaining 2 mines( one mine closed) there is about 3 1/2 years. After that, CLF has nothing to do with SB IO
You talking about BL or Coal sales or Both? When do you think that contract (S) may be signed . Any guesses on the timing?
I think he is OK. He needs to capitalize on his good successes by being more vocal to MEDIA. He needs to share with Stock Holders whats the status of the sale of coal mines , BL/Wabush mines sale and debt reduction process and expanding US IO business and let the world know about all this.
This is a dead company burried under debt and Shorts know it and play to their advantage . LG needs to come out swinging at this low low price and Buyback some 20 mil to 30 mil shares, expedite the sale of 2 Coal mines (Take $50mil or $100 mil less if he must) Cut debt and CapEx and SG&A expenses, expand US IO business , Go make deals for DRI pellets . Talk is cheap... . .time to act is Now is MUST. SH are very frustrated. waiting waiting and more waiting.
imagine..I agree totally . Its LG's ball and run with it. IO prices are spiking up, he has $200 mil for buyback at this low low price and expedite the sale of coal mines and further cut all costs even more .Also make a huge cut in IR dept. and bring all this out to the MEDIA to bury the Shorts.
these MNGT people are being paid huge by shareholders and you defending them? what would you like to see ...stock going down to $3. They had now plenty of time. and they DO have some means to stop Shorts like buybacks but LG wont do it.. Is he is waiting for something????????
ca ..CLF is the biggest Io company in USA and supplies a commodity to a key Steel industry. TSLA is a very small auto company and still always in the spotlight because its CEO Munk choses to do so. LG can do the same especially when he beats the earnings est. by a landslide and NOTHING happens . CLF needs Visibllity BADLY and CEO/CFO can provide it or Shorts keep continue to damaging its price. and High debt dont help either.
That is an insane speculation..surf. No CEO likes to see its stock down so low deliberately. If he has good news spell it out.
Why is this stock dropping daily since its great earnings report, and Insiders are selling big. LOCO is down some 27% plus since the Earnings( E and sales were great) come out in last 2 weeks from $29 to under $21. Anyone has any info that can justify such a big drop while markets and CMG are going up. How low it may go?