Same reason many other things are not posted, LG is trying to trap the shorts playing a game on their level and to drive down bond prices. Too bad many investors have been harmed in the process.
US Steel will find the legal fees to defend this action will wipe away any gains they got. CLF would be better off just selling these assets and getting totally away from Canada.
Thanks for the update on the Ring of Fire assets. Sounds like First Nations want a bigger piece of the chromite pie. Noront should have come out with a better price in the first place, $50 million would be a fair price.
Yes, go for solid wood floors. Go with oak, if you want a warm brown tone, use white oak. Don't stain it, use Varathane water based crystal clear finish, very durable and no fumes. If you are sanding it yourself, don't use a drum sander, use the large pad floor sander available at most rental stores. If you are installing it, mark the floor joist to insure a staple is placed over all joist and nail the flooring every 8 inches. Invest $100 in a ratchet tool to push warped boards tight. Finally, make sure the wood is dried to less than 5%. After all of that you will be into your oak floor for about $5 a square foot which is about the same for laminate wood floors installed by others.
That means about 6 million shares were added short in the high $4 to low $5 range… that is totally crazy.
I can't remember the last time I had 3 drinks in one night, let alone cheese olives. Soon we all will be able to toast the shorts.
Trading between funds in after hours is done with agreed prices and percentage of profits. Should be interesting Monday when all the retail shorts are searching for shares to cover with. If earnings are good or asset sale announcements, there will be a true short squeeze and with the huge short position, there may not be a a top.
I was typing my question to you while you were typing this, so we have to wait 3 days? I can't wait that long, really think we are going to see an earnings beat based on the average sales price of iron ore for the quarter is much higher than analyst have been projecting and strong iron ore demand in the Great Lakes area due to US Steel cutting back.
How much of CLF's business is thermal coal? TCK is showing profits on their met coal, even though it was less than expected. How much of CLF's business is met coal? I really don't think there is much to be concerned about here.
Day and swing traders should have completed their trades now and the next wave of short covering will come leaving these day traders on the sidelines waiting for a price pullback.
I am surprised that more shorts have not given you more thumbs down, this news has to make them worried. All the good news about earnings and debt reduction has been set aside because shorts have jumped on the bleak future of iron ore prices. I expect to see $6 plus today.
They need about $150 million and in the past they have drawn from their credit line to pay it back when the inventory sells.
Just came back in to check the close, had some serious buy volume going into the close! Would like to see this trading in the high $6 range ahead of earnings.
For me, the professionals on this board provide breaking news and information. Ironore53 provides all of us breaking news everyday with his current iron ore prices. Others constantly review the newswires for breaking news. These are professionals, all the others that spew insults and profanity are not...
I am having a house on the rocks, really, I have been laying rock veneer for the last couple weeks. Maybe I will join you with a bourbon while I BBQ, enjoy your evening.
All these analyst have models that have seaborne iron ore less than $40 and totally ignore US pellet prices. With iron ore prices headed back to $60, they will come out with adjustments.