In today’s briefing:
- Insiders Sell at Ecopro BM
- Cleveland-Cliffs Inc: What Is Its True Moat Source? – Key Drivers
- TM: More High-Grade Drill Results; Mining Ahead of Schedule
Insiders Sell at Ecopro BM
- It was recently reported that Choi Mun-Ho (CEO of Ecopro BM) sold 2,000 shares of Ecopro BM Co Ltd (247540 KS) at 254,000 won per share.
- It was also recently announced that Eroom T&C, the family company of Lee Dong-Chae, the chairman of Ecopro Group, also sold shares of Ecopro BM.
- Recent selling of Ecopro BM shares by CEO Choi Mun-Ho and Ecopro affiliate Eroom T&C are negative signs on the Ecopro BM. Lofty valuations are also negative on Ecopro BM.
Cleveland-Cliffs Inc: What Is Its True Moat Source? – Key Drivers
- It was a successful Q4 for Cleveland-Cliffs as the company managed an all-around beat with lower-than-expected losses.
- Cleveland-Cliffs supplies over 7 million tons of steel to the automotive industry, including 5 million tons of direct sales and over 2 million tons of indirect sales.
- With typical volumes of 5 million tons per year, the company expects its full-year 2023 carbon flat-rolled steel selling price to increase to $1,415 per net ton, a $115 per net ton increase year over year.
TM: More High-Grade Drill Results; Mining Ahead of Schedule
- This morning, Trigon Metals Inc. (TM:TSXV), announced additional high-grade drill results from its Kombat Mine in Namibia.
- The Company reported drill results from 12 holes totalling 996m at the Kavango West area, 150m west of the Main Kavango Pit (Figure 1).
- These results build upon the already reported high-grade copper drill results from the Main Kavango Pit and East 400 area (150m east of the Kavango Pit), highlighting the strong mineralization across the Kombat trend.
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