Guys,
Why try to pick the bottom.?
I know Theo Baker is in at CLF (there is a big negative x PWR) but this puppy is trading only about 20% above its cash NTA AND has continually informed the market that it will pay 6.5% ff on the $1 share price - at current prices that's 10% ff div yield.
The stock has bounced off the bottom at 56c.
You need to make the assumption that there are some smart people in at CLF and the fact that they have constantly confirmed their prospectus numbers means to me that it is a much better play than VLL
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