red..Define surprise!!. If positive earnings it will go over $3 and rest depends on what LG says in CC about a number of items I have pointed out in my 2 or 3 Posts under "48 hours and Counting"
LG will certainly announce good positive earnings and also likely the buyback of 40mil-50mi lCLF shares. Also he will update us on Debt, coal mines sale, BL bids and strategy going forward for US IO Expansion and DRI plant building in MN with support from MN Government and a lot more.
epr.. send your post to Dept. of Justice and SEC. Its a good job. Also may be wanna email to LG.
9/11 was real and VP Chaney screwed up. There were indications that Middle Eastern guys were taking lessons about learning to Fly but NOT take off or landing. That was a strong clue and Administration was notified but they didn't care.
But more Importantly, what does that has to do with CLF Message Board. How does it relate to CLF... pure nonsense!!
When the company makes money , it doesn't go BK and that is the most IMP that they can pay interest on the debt salaries and overhead expenses ,Dep/Am and CapEx. Shorts ,then can do whatever but eventually WS will come to its senses and realize that the CLF is for real. to stay here. I have seen Libby Glass, Chrysler, BBY all very low and came back from ashes .
oht.. I agree we been wrong for a long time but the worse may be over now. Q-2 earnings and the follow up CC should speak a volume about how LG wants to lead this company on sale of Coal mines, debt reduction, cut costs further and BL bids and outcome and expanding US IO Business and more.
clf.. the main point is if CLF buybacks massive number of shares like 50 mil plus there will be a huge RUSH by Shorts to cover in fear and stock price will go up drastically .
bg.. Higher USD against AUD ( 1 AUD=$0.73 USD) makes APIO mining cost of IO cheaper in American dollar . For example if CLF's production cost is $ 45/ton AUD, its only $33 USD($45x0.73 ) and SB IO prices are in USD. So CLF APIO has advantage over BHP and RIO (in Australia) in SB IO market. BHP and Rio's production cost in USD is $35-$40 per ton.
For CLF's earnings out on 7/19 before the Market hours....Hit or Miss? I think it will be a good hit if NOT the Home Run. Anything over $0.20 will be a good hit...any thing over $0.40 will be a in the ballpark (inside) Home Run and anything over $0.50 will be a Home run right into the Public Seating. If loss, it will be the Biggest Strikeout and the stock price moving further down.
You really got some wild wild theory to base the CLF stock price... I appreciate your dream about IO prices going up huge following earthquakes but I DON'T wish that on any country. and it is NOT forecasted in a near future.
surf.. Remaining 2 MET Coal Operations are discontinued as far as Financial accounting is concerned. So we will have to see how they account for their profit or loss.
Also CLF should do something about Essar Steel( a Foreign Co.)
getting any Grants from the State of MN to build a Pellet plant there. CLF should work on STOPPING it by approaching to MN Government and ask for the grant to build their own DRI pellet plant neat their mines in MN..
epr..I am Not much of in speculating who or why this stock is being manipulated. I do know CLF has a very high Beta of 1.65(ave.1.00) and its price swings wildly. Q-2 earnings should be very good. I don't know why Analysts are estimating a loss of $011. However, the guidance by LG in CC should speak a volume. We the Share Holders want and NEED to know whats happening with BL Mines, Sale of 2 Met Coal mines, cutting CapEx and SG&A expenses further, how they will reduce this huge amount of debt and buyback of shares at this low low price to uplift the share price.
There is a big article in the Week End Edition of WSJ. on mining companies demise and very low commodities prices of Iron Ore, Copper, Gold etc.. In the light of that Anglo American, an UK based Miining company is Cutting the workforce very huge by 53,000 of which 6000 will be in Corporate
offices. CLF has 5400 Employees and need to cut as many as some 500-1000 all over and shut down the IR Dept. as they don't respond any way.
If CLF can show profit in Q-1 with less than 3mil tons of US IO pellets shipped, they will do much better in Q-2 with IO pellets shipment od over 6 mil. APIO will also contribute a good positive numbers with Dollar high and labor is cheap in Aussie dollars now only equals $073 USD. I would think the earnings will rocket upward of $0.30 and stock will move to $4 fast. On top of that LG will have a lot to say in CC about BL status and 2 remaining Coal mines sale etc.
AMZN 's E. est was MINUS $0.14 and it reported $0.19 earnings and stock rocketed by $42 in a huge down market yesterday. So I expect CLF to move up handsomely after Earnings are reported on Wednesday 7/29 before market hours..