Civil engineers say fixing infrastructure will take $4.6 trillion
Society's cost estimates are higher than estimates that federal agencies and other trade groups have made of infrastructure needs, CNN found.
Buy the weakness get in before the 2Qearnings pop and good guidance with further debt reduction you will be rewarded. Stars have been lining up and LG and his mgt team have done all the right things for a strong foundation to build on.
Thank goodness they issued equity when they did. $600 million at $10.75 per share was a stroke of genius. The increased dilution is part of the reason for the short term pain in price performance though
And as crazy as I sound, I still maintain that CLF will be in the 20s within 2 years, and that's not with a reverse split.
Zack Equity Research recently said CLF has committed to increase the SH value thru Dividends and Share purchase. I hope this can happen. Even a little dividend can stop Shorts in their tracks.
Someone posted that the US is running out of iron ore. That is not true. I found the below via Google search:
"U.S. resources are estimated to be 110 billion tons of iron ore containing about 27 billion tons of iron. U.S. resources are mainly low-grade taconite-type ores from the Lake Superior district that require beneficiation and agglomeration prior to commercial use. World resources are estimated to be greater than 800 billion tons of crude ore containing more than 230 billion tons of iron."
China iron ore 62% traded down 2.33 at 57.91 a ton Have a good long weekend
An excellent article on Fox about how the naval shipyards are back in business. Ships use a lot of steel, and I think when trump gets around to expanding the navy again, its going to show
Can anyone confirm that CLF cant pay a dividend until the negative equity is removed from the balance sheet, CLF had 831 mil negative equity at the end of q117. The only way to get rid of this is more equity issue or earnings. This is a significant issue to the resuming of a small dividend.....any experts that can comment?
Torky one day, now here comes Chubby the next day. It's the same bonehead with different but still lame personalities.
Another infrastructure announcement for the US. This will require a lot of steel for pipe, tanks, rebar, and supports.
Saudi Aramco to invest $12 billion in expanding Motiva Port Arthur refinery | Beaumont Business Journal
As bad as things seem and regardless of what I have said about CLF maybe heading into the 5s, there is no reason for this to happen. CLF was trading in the 5s last time ore was in the 50s, but it was in much worse financial condition. LG has stabilized the balance sheet and the company is in very good financial shape, so logic would dictate this shouldn't happen. I reckon the street doesn't see things this way and will take it down with the rest, but still makes no sense to me.
I am waiting for infrastructure projects ... in China.
Not boasting, but I was prepared. Remember, it hit the very low sixes only several weeks ago. I felt a retest was inevitable. Now sitting on 10K at 6.055
Here is the deal and you won't like it! Nixon wire tapped the dem party. Illegal but only serious to him and his party. Clinton lied to congress. Illegal but only serious to him and his party. It may be proved that Trump colluded with the enemy to sway the election. This undermines our very democracy that separates us from the world. Serious to everyone, the country and the very things we fight and and die for. It's a big deal. Maybe not to partisans who want to sweep this under the floor and want to believe this is just politics. It's not and it spells trouble for the market and our way of life. I told you ............. you won't like it!
As long as ore prices keep falling, CLF will also fall. That's just the nature of a commodity company. We all know CLF doesn't have direct ties to seaborne and its rather insulated, but the market lumps it with the rest. So if ore goes to 55, CLF will likely fall to mid 5s. Until their quarter is announced a long 6 weeks from now this could become very ugly. However, once you get out a few years I think the future is quite bright. By then ore suppliers would have cut supply due to smaller mines going out of business, and ore pricing will have stabilized and probably heading north again. Plus by then we hopefully will have the infrastructure bill passed and that changes everything. But for now expect CLF to trade between 5.5 and 6.5
The SP will move up only when investors and WS realize that CLF has NOTHING to do with China's IO price . It has its own contracts with US Steel companies and some 20 mil production of US IO is sold out.. As long as they have APIO Operations, this will NEVER happen. WS will always equate CLF with IODEX Iron Ore price. LG Must realize this and SELL APIO Operations at just about any given price and NOT wait till it runs out in next 2 to 3 years. He can still get may be some $200 mil for that operation. and it will be a great DIVORCE from Seaborne IO price and only then the CLF price will go up We don't have a person like Bill Ford who fired Mark Fields because not hat the Company was doing bad but the Stock was not doing good . CLF's earnings will be fine but stock is doing lousy and there is NOONE in CLF like Bill Ford who can fire LG and SP suffers.
Let's REAM the shorts. Who's in?
china iron ore 62 % trading down 28 cents at 60.24 a ton