Replies to post #225 on Mesabi Trust (MSB)

[Timothy Smith]

Mesabi Trust (NYSE:MSB) -4.9% premarket after announcing that no distribution will be paid in November due to a delay in the reporting of Cliffs Natural Resources (NYSE:CLF) regarding shipments of iron ore products from Silver Bay, Minn.

MSB says it was unable to consider the declaration of a distribution using anticipated royalty revenues earned during the quarter ended Sept. 30.

MSB derives income from the Peter Mitchell Mine, which is operated by CLF's Northshore Mining subsidiary.