Re: cliffs selling some shares-GH from IR
posted on
Jun 23, 2014 06:57PM
Given the shares that Cliffs own, and the share price of Zen, what is the largest amount of money that Cliffs can hope to get? Perhaps Cliffs can get 15 million. That to me is small potatoes verse what Cliffs can get by either owning the deposit or obtaining a J/V with Zen.
Anyway, hopefully this hiccup with selling passes soon. The deposit is still there, the potential is huge for all holders. I've not sold any shares and I intend to buy more should the price drop.