InvestorsHub Logo

Rivers 1

11/19/15 3:42 PM

#1146 RE: Rivers 1 #1145

Saving Grace

11/19/15 8:34 PM

#1147 RE: Rivers 1 #1145

I'm not following what you're talking about. Here is a little history on the stock. I got in in the 80's when it was Cleveland Cliffs Iron company and even played on their Class C Fast Pitch softball team where many teammates were also Cliffs miners who's slogan was "Do or Die for CCI"

I rode out the recession in the early 2000's adding a little here and there when Bush enacted the tariffs sending it back up again.

There was a name and ticker change when Cliffs acquired the coal mines and that is where I believe your chart begins. They changed from Cleveland Cliffs Iron Company to Cliffs Natural Resources but the company has been around since 1847 as Cleveland Iron Mining Company.

Locally we know of the huge deposit's on Cliffs property and there is plenty more hematite and magnetite to go around even after the Tilden is mined out and long gone. Cliffs has more wealth in deposits that's not yet reported as ore assets but as simply land assets on the books. Cliffs also even owns the mineral rights under now subdivisions if they wanted it but they have better deposits and outcrops to choose from. In other words, Cliffs is going nowhere anytime soon and the locals know it.

By following history, one can see the ups and downs and why this cyclical cycle with pricing plunges and tariffs will also rebound and has already begun with some tariffs already in place.

Cliffs new DRI pellets is an added bonus with new customers adding up.

The trains are moving and the ships are shipping non-stop in the U.P.

The history on wikipedia is spot on.

https://en.wikipedia.org/wiki/Cliffs_Natural_Resources