Corsa Coal Corp V.CSO

Alternate Symbol(s): CRSXF

Steel Steel

Corsa Coal Corp. is a coal mining company. The Company is engaged in the business of mining, processing, and selling metallurgical coal, as well as exploring, acquiring, and developing resource properties that are consistent with its existing coal business. Its core business is supplying metallurgical coal to domestic and international steel and coke producers. The Company's operating division, Northern Appalachia (NAPP). The NAPP Division, based in Somerset, Pennsylvania, United States of America, produces and sells low volatile metallurgical coal used for the production of coke from its mines in the Northern Appalachia coal region of the United States of America. The Company has the operational capacity at its mines to produce over 1.6 million tons of coal per year, with processing capacity at its two operating plants in excess of 4.0 million. The Company also operates preparation plant facilities in Somerset County.

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Corsa Coal Corp > Anyone on the annual meeting call?

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Comment by auburn2on Jun 18, 2022 6:07pm

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Post# 34767023

RE:RE:RE:RE:Anyone on the annual meeting call?

CLF paid C$4.9 billion in cash for Consolidated Thompson Iron Mines: https://www.clevelandcliffs.com/investors/news-events/press-releases/detail/401/cliffs-natural-resources-inc-and-consolidated-thompson

It goes to show even steel producers may be interested. Consoliated Thompson was bought at the top of the market. Shares had gone from 81 cents in 2008 to over $17 in 2011.

Corsa's operations in American steel country would make an interesting subsidiary for a number of steel producers.

Far better to give a big premium and take over a deep value situation like Corsa than to do what CLF did previously and pay top dollar after share prices have multipled over 20 times.

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