Keep Dreaming... Any Acquirer will have to also buy CLF's $2.5B debt. I hope you could be right but not
He prolly didn"t get laid in last 2 years...lol!! You are right ...he is all over this Board with his thumbs down posts and whatever comes to his mind.
There is NO way it can happen. He doesn't have any big assets to sell anymore. APIO can bring at the most $300 mil and leftover Canadian assets are worth peanuts and LG is NO magician. Only way to lower the debt drastically is to increase the cash Flow and that will require to sell a lot more US IO.
nick is lying as usual. LG never said he is going to lower debt to $1B soon? Ask nick how will he do it? Its going to be a long road to tipperary and hope LG can eventually do it The name of the game is for LG to expand and get more US IO business and improve the Cash Flow..
solarman_ short CLF if you want. I wanna see your #$%$ getting burned here. You are pathetic liar who comes here infrequently and post stupid and moronic stuff.
Like to see some positive posts here from smart guys like surfy, lishe,imagine, red, atrue and ironore .
Down that much.. really ? Lots of manipulation going on Dalian Commodity Exchange in SB IO Trading..
People here are shooting off their mouth w/o any REAL INFO on Hand. Wabush IO can not compete with US IO and that was the one reason CLF had to shut down the Wabush mine. Also they still have good Canadian assets and will get money for Railroad and Fee to carry IO.
CLF needs to pay much much attention to expanding US IO business to Improve the Cash Flow to pay down the Debt QTR after QTR.
CLF SP up 3.4% @ $3.02. Go lefkowitz.
Yes.. LG is great guy. However, he MUST find a way to reduce the Debt that is overpowering the Company. He has very little left to sell.. except APIO Assets and some Canadian railroad stuff. So Earnings Must propel to pay down the debt.. A lots of work ahead and WS won't rest until the MNGT SHOWS THE WAY TO REDUCE THE DEBT..and as a result SP will struggle in a near term. Price will go up near the Earnings time and then back down
Atleast SP didn't go down..Held steady @ $2.92. Huge Debt looming on its shoulder, and Its NOT LG's fault. Until that is taken care of to some extent , SP will only swing back and forth between $3 and $5
In Q-1 US IO selling price was $84 per ton when ave.SB IO was under $50. so it will be at least $85/mt if IO price remains in mid $50's.
The way to play this stock is to buy 4 weeks before the earnings date as stock price begins to climb in the
anticipation of good earnings and then sell soon after Earnings announcement followed by the CC.
I don't see stock to go much higher unless their Gross margins go much higher and they are able to pay down at least $100 mil of debt each QTR. Only way that can happen is if SB IO gets into $60 plus per ton and US IO selling price goes in low $90's.
SP down another 3% @ $2.80 now.
5/5 Thurs.... $61/Mt
As you can see, the IO price is holding up well in Low to Upper $50's and CLF should do well to sell in mid $80's /Mt with profit margins of $25-$30/ton