Hope CLF SP gets to $2.. far fetched though. Pre-Mkt spread very wide bid $1.20 asked $1.56. . We will see. good Luck all longs and Shorts can go to H.... lol!!
Why TATA would be getting in IO business while its so bad now. They have enough problems with their Steel business. TATA just closed some steel plants in India and TATA UK Steel announced laying off 1050people in UK due to cheap Chinese steel imports.
I will..tomorrow also. Hope SP gets closer to $2 by the end of the week. Where are surf, lishe and that loser oht?
Thats a good sign. I am also hearing from our suppliers that Commodities have stabilized and should start to move up by March.
wow ..SP up 15% @$1.58 in a very bad market ... Q-4 earnings may be better than WS is expecting and likely there will be no competition from ESSAR and that will be a big plus . LG may be doing things right.
Where is oht? I bet he disappeared... lol
Ichan is a trouble. He destroys any company he takes an equity in it. His MANTRA is for Company to increase dividend and Buyback shares with lots of debt and raise SP and then cash out and walk away and look for another victim. I hope he loses BIG .
All of a sudden SP jumped to $1.40 from $1.33 ..a lot of manipulation going on it seems.. but its good for Longs
Have you noticed ..on an up day, DOW start out real high and then peters out as day goes on. Not speaking good for the market. Dow was up over 200 points and now well under 60
Market Realist says CLF is in trouble because of high debt and lower IO price.... as if we didn't know. What an Idiot!!
imagine.. it would be interesting what LG has to say in the CC next Wednesday 1/27. Tthere is a lot of stuff on his plate and how he handles each issue.. Debt, Cost Cutting, BL, Port and Railways, NAC , NUE and DR pellets relationship, Essar Fiasco and more.
Who will sell IO to ESSAR ?? They are bankrupt and NOT paying their bills and at a mercy of MN Government if those fools will give them any loan. India's TATA Steel is also cutting the Steel production and laying off people in UK.
Rio's CEO Sam Walsh is finally thinking right and it makes sense. BHP needs to do the same if McAndrew has any brains.