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It might be time to dust off those million$ of shares!!
Do your own DD you don’t need to blame others
I actually have owned this stock for close to 10yrs
Wednesday list
— Alexander Delarge 655321 (@AlexDelarge6553) February 2, 2021
1 $mdgc
2 $pvdg
3 $vper
4 $sgsi
5 $enzc
6 $sbfm
7 $vitx
8 $txhe
9 $plyz
10 $tsnp
11 $snmn
12 $NTLK hint wink
13 $shom
14 $rggi
15 $cbdd
Yes many great tickers missing. Because OTC is fire. These I see the biggest green Wednesday! pic.twitter.com/jeahFf3eJH
Yes sir, $MDGC
Yep $MDGC it’s launch time
It’s been 6 years let’s go
Big Hits going into the close
The shares are endless
If somehow that wall at 6 breaks it’s go time imo
Bounce Time
It looks like Up from here
The next HR should be interesting
It's GO TIME!
Actually it was a decent close
After a 2.5 year break back on board there is only one way this can go from here
Someone has a chunk of change on the bid
From pre market yesterday until now nothing points in that direction
How so?
If that's true then who bought the 250k shares pre market yesterday at prices in the 1.70-1.90 range?
Is this a repeat of 3 yrs ago? I hope not
What do you expect on 12/5?
Filled the gap time to move up
This is paper thin any decent volume should drive it up really quick
Big time news!
I said the same thing 3 years ago!
All you need is one congressman to open his mouth. Unreal potential but if it drops it does like a rock
Halted again additional news
(COMTEX) B: Cliffs Natural Resources Inc. Announces Decision on Bloom Lake
Mine ( PR Newswire )
B: Cliffs Natural Resources Inc. Announces Decision on Bloom Lake Mine ( PR News
wire )
CLEVELAND, Jan. 27, 2015 /PRNewswire via COMTEX/ --
Cliffs Natural Resources Inc. (NYSE: CLF) announced today that Bloom Lake
General Partner Limited and certain of its affiliates, including Cliffs
Quebec Iron Mining ULC (collectively, "Bloom Lake Group") commenced
restructuring proceedings in Montreal, Quebec, under the Companies' Creditors
Arrangement Act (Canada) ("CCAA"). The Bloom Lake Group had recently
suspended operations and for several months has been exploring options to
sell certain of its Canadian assets, among other initiatives.
The decision to seek protection under the CCAA was based on a thorough legal
and financial analysis of the options available to the Bloom Lake Group. The
Bloom Lake Group is no longer generating any revenues and is not able to meet
its obligations as they come due. The Initial CCAA Order will address the
Bloom Lake Group's immediate liquidity issues and permit the Bloom Lake Group
to preserve and protect its assets for the benefit of all stakeholders while
restructuring and sale options are explored.
As part of the CCAA process, the Court has appointed FTI Consulting Canada
Inc. as the Monitor. The Monitor's role in the CCAA process is to monitor the
activities of the Bloom Lake Group and provide assistance to the Bloom Lake
Group and its stakeholders in respect of the CCAA process.
Lourenco Goncalves, Chairman of the Board, President and Chief Executive
Officer of Cliffs Natural Resources Inc. said, "For several months, we have
been seeking equity investors and exploring sale options for Bloom Lake
including working collaboratively with Investissement Québec. We support the
decision by the directors of the Bloom Lake Group to conduct a restructuring
process under the supervision of the Court."
Cliffs Natural Resources Inc. will file a Current Report on Form 8-K that
provides pro forma financial information reflecting the deconsolidation of
the Bloom Lake Group. Additional information regarding CCAA proceedings will
be available on the Monitor's website at
http://cfcanada.fticonsulting.com/bloomlake.
About Cliffs Natural Resources Inc.Cliffs Natural Resources Inc. is a
leading mining and natural resources company. The Company is a major supplier
of iron ore pellets to the U.S. steel industry from its mines and pellet
plants located in Michigan and Minnesota. Cliffs also produces low-volatile
metallurgical coal in the U.S. from its mines located in West Virginia and
Alabama. Additionally, Cliffs operates an iron ore mining complex in Western
Australia and owns two non-operating iron ore mines in Eastern Canada. Driven
by the core values of social, environmental and capital stewardship, Cliffs'
employees endeavor to provide all stakeholders operating and financial
transparency.
News releases and other information on the Company are available at:
http://www.cliffsnaturalresources.com.
Forward-Looking StatementsThis release contains forward-looking statements
within the meaning of the federal securities laws. Although the Company
believes that its forward-looking statements are based on reasonable
assumptions, such statements are subject to risks and uncertainties relating
to Cliffs' operations and business environment that are difficult to predict
and may be beyond Cliffs' control. Such uncertainties and factors may cause
actual results to differ materially from those expressed or implied by
forward-looking statements for a variety of reasons including without
limitation: our ability to successfully execute an exit option for Bloom Lake
mine that minimizes the cash outflows and associated liabilities of our
Canadian operations including the CCAA process; trends affecting our
financial condition, results of operations or future prospects, particularly
the continued volatility of iron ore and coal prices; our actual levels of
capital spending; uncertainty or weaknesses in global economic conditions,
including downward pressure on prices, reduced market demand and any slowing
of the economic growth rate in China; our ability to successfully identify
and consummate any strategic investments and complete planned divestitures;
the outcome of any contractual disputes with our customers, joint venture
partners or significant energy, material or service providers or any other
litigation or arbitration; the ability of our customers and joint venture
partners to meet their obligations to us on a timely basis or at all; our
ability to reach agreement with our iron ore customers regarding any
modifications to sales contract provisions; the impact of price-adjustment
factors on our sales contracts; changes in sales volume or mix; our actual
economic iron ore and coal reserves or reductions in current mineral
estimates, including whether any mineralized material qualifies as a reserve;
the impact of our customers using other methods to produce steel or reducing
their steel production; events or circumstances that could impair or
adversely impact the viability of a mine and the carrying value of associated
assets; the results of prefeasibility and feasibility studies in relation to
projects; impacts of existing and increasing governmental regulation and
related costs and liabilities, including failure to receive or maintain
required operating and environmental permits, approvals, modifications or
other authorization of, or from, any governmental or regulatory entity and
costs related to implementing improvements to ensure compliance with
regulatory changes; our ability to cost-effectively achieve planned
production rates or levels; uncertainties associated with natural disasters,
weather conditions, unanticipated geological conditions, supply or price of
energy, equipment failures and other unexpected events; adverse changes in
currency values, currency exchange rates, interest rates and tax laws;
availability of capital and our ability to maintain adequate liquidity and
successfully implement our financing plans; our ability to maintain
appropriate relations with unions and employees and enter into or renew
collective bargaining agreements on satisfactory terms; risks related to
international operations; availability of capital equipment and component
parts; the potential existence of significant deficiencies or material
weakness in our internal control over financial reporting; problems or
uncertainties with productivity, tons mined, transportation, mine-closure
obligations, environmental liabilities, employee-benefit costs and other
risks of the mining industry; and other factors and risks that are set forth
in the Company's most recently filed reports with the U.S. Securities and
Exchange Commission. The information contained herein speaks as of the date
of this release and may be superseded by subsequent events. Except as may be
required by applicable securities laws, we do not undertake any obligation to
revise or update any forward-looking statements contained in this release.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/cliffs-natural-resources-inc-annou
nces-decision-on-bloom-lake-mine-300026432.html
SOURCE Cliffs Natural Resources Inc.
http://rt.prnewswire.com/rt.gif?NewsItemId=CL17269&Transmission_Id=201501271310P
R_NEWS_USPR_____CL17269&DateId=20150127
Copyright (C) 2015 PR Newswire. All rights reserved
**********************************************************************
As of Friday, 01-23-2015 23:59, the latest Comtex SmarTrend® Alert,
an automated pattern recognition system, indicated a DOWNTREND on
04-09-2012 for CLF @ $66.32.
For more information on SmarTrend, contact your market data
provider or go to www.mysmartrend.com
SmarTrend is a registered trademark of Comtex News Network, Inc.
Copyright © 2004-2015 Comtex News Network, Inc. All rights reserved.
*** end of story ***
Don't say that word lol
Why is it halted?
Big day here
It's not a write off if you buy it back within 30 days it's called a wash sale
That is ridiculous
Any idea what is going on with the A/H trading
Loaded big bounce
(DOW JONES) DJ Nucor in Talks With Cliffs Over Stake In Canadian Iron Ore Min
e
DJ Nucor in Talks With Cliffs Over Stake In Canadian Iron Ore Mine
By John W. Miller
Nucor Corp. is in talks to invest in Cliffs Natural Resources Inc.'s
Bloom Lake iron ore mine in Canada, according to a person familiar with the
matter.
Two Japanese steel companies would also be part of the venture, which
would allow Cliffs to more than double production at the mine in Quebec to
13.5 million tons a year. The total capital expenditure required would be
$1.2 billion. The three partners, along with Wuhan Iron and Steel Co., an
existing partner, would buy the iron ore produced at the mine.
The partnership would allow Cliffs to make the mine profitable, say
executives. Earlier this month, it took a $6 billion write-down, mostly
related to Bloom Lake. Consequently, it posted a loss of $5.9 billion, or
$38.49 per share, in the third quarter, compared with a profit of $104
million, or 66 cents per share, a year ago. Its share price has declined by
more than 60% in the last year.
Cliffs, based in Cleveland, is seeking to retool as it faces declining
prices for its core product, iron ore used to make steel, which have fallen
40% in the past year. It is also in a transition after a board coup this
year orchestrated by activist hedge fund Casablanca Capital LP, resulting in
Lourenco Goncalves taking over as chief executive in August.
A veteran metals executive from Brazil, Mr. Goncalves wants to refocus
Cliffs' business around five iron ore mines in Michigan and Minnesota, which
sell to Midwestern steel mills that service the U.S. auto industry. It has
hired bankers to sell iron ore assets in Australia and is also looking to
sell coal mines in West Virginia and Alabama. He said he is looking for
partners to invest in Bloom Lake, which he has called the company's "problem
child."
Cliffs acquired the controlling stake in the mine when it expanded in
Canada by buying Consolidated Thompson Iron Mines Ltd. in 2011 for $4.9
billion, just around when iron ore prices reached their peak at more than
$185 per ton. The plan was to ship the ore to China. Now, because of
oversupply and slowing growth in Chinese demand, prices are down to around
$80.
Costs at Bloom Lake, including operating expenses, were $106.3 a ton in
the third quarter. That division lost $165 million in the first nine months
of 2014, after losing $52.3 million over the same period in 2013.
Mr. Goncalves told analysts Tuesday that if developed with partners,
Bloom Lake would "produce an estimate 13.5 million tons of high quality iron
ore" at a cost "in the low $50 per ton range." The iron ore, he added, "is
in a different class, well above the typical iron ore shipped by the
Australian majors to China."
Nucor, based in Charlotte, has increased the amount of iron it uses in
its furnaces, which typically rely on scrap. As iron ore prices decline, the
pellets are becoming an attractive substitute for scrap. Nucor recently
launched a new plant in Louisiana to manufacture iron pellets.
On Tuesday, Mr. Goncalves told analysts that Bloom Lake could produce the
"ore of choice" for the same type of pellets Nucor needs.
Nucor CEO John Ferriola told analysts last week that he was "certainly"
interested in "potential acquisitions and opportunities" to invest in more
iron ore production. "Is the environment today a whole lot better than it
was four years ago? Absolutely," he said.
Write to John W. Miller at john.miller@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
October 31, 2014 12:55 ET (16:55 GMT)
Copyright (c) 2014 Dow Jones & Company, Inc.
*** end of story ***
Big News looking real good
Great day here
The same cycle as 2008 it went down to 10.00 than back too 125.00 cash cow
The squeeze is on!