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DewDiligence

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Re: Democritus_of_Abdera post# 5540

Wednesday, 08/08/2012 1:36:09 PM

Wednesday, August 08, 2012 1:36:09 PM

Post# of 30546
Good summary. CLF needs to show investors a quarter or two in which there are no operational screw-ups or unlucky breaks (such as the tornado that knocked out the Alabama facility a few quarters ago). If they can manage this, iron-ore prices will take care of themselves, IMHO.

p.s. RIO today forecast a pickup in China during 2H12 and it has maintained iron-ore production guidance for the year. (They are the world's second-largest iron-ore producer after VALE.)

“The efficient-market hypothesis may be
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in any area of human knowledge!”

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