Replies to post #1179 on Cleveland Cliffs Inc (CLF)

[Saving Grace]

Ya I seen that and he gave em a little time with the 65mm loan.

Oh well, either way Cliffs will rebound and start Righting itself as we speak. The shorts went down to 39% from 56% last week from over 80% at the end of the second quarter.

Personally I have nothing but confidence at this level and have been adding at this price to avg down a little.

Many factors in the game now and with legislation going on this could get interesting quickly like.

This is also a new cycle with 2016 being the Shemitah Year of Jubilee as the Mayan calendar ended after the 4 blood moons.

The super Shemitah began on Sept. 23 this is the Convergence of the Twilight of the Kali Yuga and the End of the Mayan Calendar with the Super Shemitah.

Look how the S&P follows the moon patterns and a sure bet to follow.
http://lunatictrader.com/?Moon_Cycles:Lunar_Phases

Here's another link that kinda tells you how and when to place your bet if you're in to that stuff.

http://www.moonconnection.com/moon_trading.phtml

[Democritus_of_Abdera]

Essar’s Nashwauk Mine ….

Per an article in the Duluth News Tribune by John Myers (12/21/2015) construction on the Nashwauk mine has slowed… This, of course, is good for CLF as the mine output would flood the local pellet market if it was completed on schedule.

But work has again slowed to a crawl, and company officials have said they are having a hard time finding more money in a tight global financing market — especially with global iron ore prices in a massive slump and experts predicting huge oversupply issues for up to three more years.

see: http://www.duluthnewstribune.com/business/3908569-essar-repays-irrrb-no-agreement-yet-repay-state

As an aside, it appears that Essar has not paid all of its delinquent contractor bills after all.

Essar has in recent weeks made some payments to contractors but remains dogged by allegations that it is behind in paying some vendors.