Rallard, great post from You!

And now read the last CLF news:

Based on the above guidance, Cliffs expects to generate more than $1.5 billion in cash from operations in 2010. The Company expects capital expenditures of approximately $250 million, up from a previous estimate of $200 million.

If SPQ is still around by September I will be very surprised so why the NR of a R/S? He sees the writing on the wall why put out a N/R to damage the sp at this point in time?

Well, I think the same here, CLF will be much much higher this year and will have a lot of cash. Of course this situation will use to consolidate ROF properties wich mean BD deposit. What is NN right now thinking, there will be no more SPQ next Year so why RS news from Friday anyway, this news just hurt sp of SPQ.

The R/S idea is way to late and very foolish at this point in time.

Exactly my tought!

GLTA!