The Rising Influence of Rising Affluence

[Democritus_of_Abdera]

Re: CLF Management Credibility....

For what its worth, I share your negative sentiment concerning CLF management's actions... At this time I consider Joseph Carrabba's public announcements unreliable. I still have some faith in the new CFO, Terrance Paradie, but am wary as he might not be free to deviate far from Carrabba's viewpoint.

I was prepared for the dividend cut, albeit I did not expect it to be more than 50%.... I consider the attainment of a low $70/ton range for the year end Bloom lake cash cost as acceptable. But the stock dilution was a total surprise, and a negative one at that.