IO is in its own league. Actually Lower the oil, lower the mining cost and better it is for IO. I think CLF will move up from here as Q-2 earnings date gets closer.
surf..Yes.. I was just answering lishe about LG. I have as much info like you have and know a little whats going on here. What pi** me off is that how calm and quiet the MNGT is while this stock's price is tanking. As I said before, I still think Company is NOT going broke and Q-2 earnings will be good around $0.25 plus which is huge compared to an est. of loss of $011. But having said that, I hope LG tries to capitalize on it to Media. WE may also know a little more on BL bid(s) by the end of this week if any.. Hope its good .
hope you are right lishe.. but its a daily pain with this company. But I am sticking to my guns and holding it for stock to move up.
you are a fool and idiot.. This stock is down 98% from it high.. from $102 to $3 . How low should it go before you realize that the MNGT is NOT helping SH or why Shorts are making killing day after day. I am Long for 2 1/2 years but its time to rethink. MNGT has NOT taken advantage of past good earnings.. If I was LG, I jump to Bloomberg , CNBC WS etc and keep tooting my horn like Elon Musk and others do for their companies.
Then why the Shorts keep making money and smiling while us Longs keep losing and in pain.
surf.. I know all that. They have cut all cost drastically and have beaten earnings Est for last 3 QTRs but then why is stock not moving up EVEN a little . We are coming to another Earnings date and also BL Bids and Coal mines sale .. Nothing seems to help the stock price. BTW Shorts are playing with REAL MONEY and NOT some play dough.. so why are they so freaking bold and continue to bash this company and stock and get away with it and MNGT seems to be TOTALLY HELPLESS. In many Companies, I have seen the CEO coming out swinging when there is excessive short selling and defends the company with facts.
adb..Its not that but if your and surf's E. est hold any water, the stock should begin to move up as Q-2 earnings are only some 2 weeks away. I am sticking to it .. gone thru plenty of pain over 3 years time.I have talked to LG a few times.
I really don't understand this stock. Do the MNGT people have any desire to help its Share holders with buybacks, any positive announcements etc. etc.
You guys are painting a very Rosy picture for CLF and giving Q-2 and yearly Estimates wildly, while DOW is up 175 points ,this stock is down to $3.19. What a freaking Joke!!
Rhetorical Question!! Then Why stock is @ $ 3 and why WS fears CLF may not be able to pay debt and /or interest on debt?How could all Analysts and WS be so wrong? very puzzling?? It can't be all Shorts.
surf ..you are too optimist. For some reason if you are proven correct, this stock gets to $20 easy. WS is NOT expecting such a rosy earnings picture. It will be interesting to watch . Stay Tuned!!
By the end of the next week, We may know on the fate of the bids and sale of BL mines and then in another week and half Q-2 earnings to be out and the CC. Lets hope all ends WELL.
adb.. If we take your number of $650 mil EBITDA for 2015 and subtract $200 mil interest and $150 mil for Dep and Amortization, it will be $300 mil profit before taxes and since they will pay some 10% in Fed Taxes, that leaves $270 mil net earnings or $1.75/sh in 2015?????If this can happen( I am very doubtful),This stock will get to $15-$20 by next FEB.