U R right Rago. Cliffs can get financing.

They used up cash reserves and line of credit ti purchase coal company. THat company is in production so is generating cash already. Not at all the same as takeovers for ring of fire companies. In my opinion they will be looking to get these a lot cheaper even because they have hundreds of yrs of production already.... so any buying will be to protect there investment....They have a good head start on any potential competition.

Cliffs biggest fear right now should be a take over of their company... share price is relatively low and cash is gone for now. Graet potential for improved shs price great assets....prime target big bulls eye on their back right now.