The Rising Influence of Rising Affluence

[DewDiligence]

…your thoughts on recent price action then?

The price action implies that many investors (and a few sell-side analysts) don’t think Goncalves can do what he says and that the situation is borderline hopeless. My own view is that CLF has a considerable amount of time to implement Goncalves’ plan and that CLF’s assets are worth a lot more than the debt load.

This argument can’t be settled today, but I’m willing to bet on Goncalves and to be patient.