Cleveland Cliffs Inc (CLF)

[greasemonkeyshoes]

"Gov. Mark Dayton on Wednesday broke the state's silence ....."
A month before the March 16 bankruptcy court hearing in Delaware on Masabi Metallics'(former Essar Steel Minnesota) plan.
http://www.duluthnewstribune.com/business/4214534-dayton-doesnt-want-mesabi-metallics-get-state-mining-leases

Governor's statements and remarks:
"In its filing, Mesabi Metallics again failed to demonstrate any ability to finance the completion of the Essar construction project or to operate it successfully,"

"For the past 16 months, Essar/Mesabi Metallics has been unable to show the solid financial commitments, sufficient to complete the project and to repay the Range contractors the money they are owed. "

Dayton and the DNR haven't made a distinction between the old and new companies.

"new company still hasn't shown any proof it can raise the financing needed to finish the project"

"as well as secure critical contracts from steel companies to buy the taconite pellets produced there."

ps-who the hell is going to invest money in the Masabi Metallics' plan without gov. Dayton and DNR blessing/support??????

ps2-Next in line.clf flush with $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$.wowwwwwwwwwww.