PR Department can only cut and paste! Why could they address something like the new tariff on Korean steel imports into the US? Show us that the PR department wants to get out in front of positive news for CLF. Do some projections on increased US sales and the revenue it will generate for CLF. Then what CLF plans to do with that extra cash, like pay down debt.
CLF is really working hard to lose this proxy fight. At this point I would be willing to work for them for a dollar just to get them on track.
This industry is headed for consolidation and at some point consolidation of this industry will happen and the big players will want to have a foothold in the US market. One of them will step up and buy CLF out within the year. Good luck to all and will be back after this stupid proxy battle is done.
with all this bull with Casablanca, would rather read the junk on the HAL board. I am switching to WLT now as the market is more focused on the fundamentals and not all the political banter. If CAS gets kicked aside, I will be back as market conditions will trump stupidity.
They should be announcing the terms of the Bloom Lake JV, guidance may be positive with reduced expenses and debt reduction.
And yet CLF management just sits on their hands. They should be in the trenches building the exact same case you are doing. Instead, they keep releasing the same long proxy statement and presentation.
Yeah, TCK is making a nice move and even my new favorite day trade WLT is positive… still no move or volume out of CLF. Maybe after 2 PM?
My vote has nothing to do with what is said on this board and no one should take the advice of those that solicit votes here. What people should watch is the shift in how the iron ore business is being conducted and how it should be done in the future. I believe the moves CLF is currently making and what they are planning to do will make it stronger in the future. And it will be a long time before any company over pays for assets. The industry will dictate the path CLF takes in the future and I believe the current CLF management or CAS will take the same path. I also believe the future growth is in the US as manufacturing continue to move back with the high cost of transportation and the lower cost of production due to technological advances.
They should be DRI balls, when they get wet, they burst into flames.
If he can do that, maybe he should be CLF's CEO.
Seriously, CLF should be looking at their entire PR department and fire them all. Lemonis and Crumbs can get national attention by working their media contacts, CLF should be able to get half of this attention with the current proxy battle going on. Instead we have the PR department working the phones calling a handful of shareholders.
Voted White minus Kirsch. I like Halverson and want him to have a free hand in getting the financials together.
That is why CLF should take shares in WLT as the consolidation will make WLT solid now and they can ride the upside on the stock. The money they will make off the shares is much better than the posting losses we are seeing now and the marginal returns we have seen in the past. If the stock goes up $1, that will create more profits for CLF than what coal has generated over the last couple years. And if CLF structured it right they could get the assets back in case of WLT going bankrupt to protect them on the downside.
Bottom line, CLF should not be operating underground coal mines.
Yes these write offs hurt earnings, but they do put more money after taxes in their bank account. In my business I would take more cash in the bank than higher income before taxes.