Cleveland Cliffs Inc (CLF)

[sts66]

Yeah, gotta take Zerohedge with a grain of salt, but 62% fines futures *are* pretty bleak right now:

https://www.investing.com/commodities/iron-ore-62-cfr-contracts

Iron Ore 62% Fe CFR Contracts
Delayed Futures - 13:30 - Thursday, September 21st
Month Last Chg. Open High Low Volume Time Chart
Cash 68.00s -0.30 0.00 68.00 68.00 0 09/20/17 Q / C / O
Sep 17 72.06 +0.10 0.00 72.06 72.06 0 09:32 Q / C / O
Oct 17 62.59 -4.10 62.59 62.87 62.59 1 04:29 Q / C / O
Nov 17 61.75 -4.08 0.00 61.75 61.75 0 09:32 Q / C / O
Dec 17 60.80 -4.00 0.00 60.80 60.80 0 09:32 Q / C / O
Jan 18 60.03 -3.77 0.00 60.03 60.03 0 09:32 Q / C / O
Feb 18 59.45 -3.70 0.00 59.45 59.45 0 09:32 Q / C / O
Mar 18 58.72 -3.63 0.00 58.72 58.72 0 09:32 Q / C / O
Apr 18 58.05 -3.55 0.00 58.05 58.05 0 09:32 Q / C / O
May 18 57.50 -3.45 0.00 57.50 57.50 0 09:32 Q / C / O
Jun 18 56.95 -3.35 0.00 56.95 56.95 0 09:32 Q / C / O
Jul 18 56.45 -3.26 0.00 56.45 56.45 0 09:32 Q / C / O
Aug 18 55.95 -3.21 0.00 55.95 55.95 0 09:32 Q / C / O


BTW, did you happen to read the new SA article on MSB that sent the stock soaring today? Author makes some pretty wild assumptions about IO pricing and target price for MSB, as well as future distributions - last 3 quarter's were 14 cents, 56 cents, most recent one down to 16 cents, with no explanation given for the massive increase or decrease.
Sep 18 55.45 -3.11 0.00 55.45 55.45 0 09:32