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Re: sts66 post# 3996

Tuesday, 01/01/2019 2:22:52 AM

Tuesday, January 01, 2019 2:22:52 AM

Post# of 8671
An excerpt from the luffs 3rd Quarter statement... is this what you are referring to? Regardless, analysts are projecting a $13 to $14 share price.

Interesting that the pps is close to intersecting the 50 and 200 day moving average around the price at which CLF appears to be getting support.
KT

During August 2018, we completed a sale of substantially all of the remaining assets of our Asia Pacific Iron Ore business to Mineral Resources Limited. As a result of this transaction, our previously disclosed costs of closing the Australian operations were reduced by approximately $85 million. Included in this amount are asset retirement obligations assumed by Mineral Resources Limited. In addition, as a result of the liquidation of substantially all of the Australian subsidiaries' net assets, thehistorical changes in foreign currency translation recorded in Accumulatedothercomprehensivelossin the Statements of Unaudited CondensedConsolidated Financial Position of $228.1 million was reclassified and recognized as a gain in IncomefromDiscontinuedOperations,netoftaxinthe Statements of Unaudited Condensed Consolidated Operations .
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