BIG NEWS FROM CLF QUARTERLY $40m IN ROF 2011

For 2011, Cliffs is maintaining its SG&A expenses expectation of approximately $200 million. In addition, the Company expects to incur the following additional cash outflows:

--  Approximately $50 million to $55 million related to its global
        exploration activities;
    --  Approximately $40 million related to its chromite project in Ontario,
        Canada; and
    --  Approximately $10 million related to Sonoma Coal partner profit
        sharing, down from a previous estimate of $50 million due to lower
        anticipated sales volumes.

... In addition, Cliffs has a major chromite project, in the pre-feasibility stage of development, located in Ontario, Canada.

INVENTOR'S HOMESTEAD ON THE MARKET SOON

Well did my little $4.3M skill testing question get your brain working yesterday? Imagine, two pages of ‘rules’ attracting a cool $4.3M bid at an auction in late 2010.


Here’s a little hint as to the identity of the man who single handedly changed the landscape of America. Here's his picture.

I guess the ball and the two baskets are a giveaway.

Can you think of 2 pages, written by a Canadian, that were sold at auction for $4.34M

WOW,
Can you think of 2 pages, written by a Canadian, that were sold at auction for $4.34M. Another item owned by this person is now on the market. I'll provide the details in the next posting.

RN up to his old tricks?

Investment Industry Regulatory Organization of Canada - Trading Halt - Rencore Resources Ltd. - RNC

TORONTO, April 11 /CNW/ - The following issues have been halted by Investment Industry Regulatory Organization of Canada (IIROC):
Issuer Name: Rencore Resources Ltd.
CNSX Ticker Symbol: RNC
Time of Halt: 9:23
Reason for Halt: Pending News

They Sure Didn't use NOT to Get These Numbers!!!

Rosseau Managed Funds Ranked #1 and #2 Event Driven Hedge Funds in the World Over the Past 5-year Period

TORONTO, April 5 /CNW/ - Two hedge funds managed by Rosseau Asset Management Ltd. were ranked the #1 and #2 Event Driven Hedge Funds globally by BarclayHedge for the 5-year period ending December 31, 2010.  The G10-Rosseau Special Situations Fund was ranked #1 with a 5-year average annual compound rate of return of 33.95%, while Rosseau LP was ranked #2 with a 27.12% return.
Warren Irwin, founder and portfolio manager, is pleased to be recognized by an industry leader like BarclayHedge for Rosseau's achievements.  "In the past, we have received recognition for our returns in specific years, but to receive it for our longer-term record is especially satisfying.  Rosseau takes a long-term approach to investing and we look forward to working hard to ensure our solid returns continue over the next five years."
About Rosseau Asset Management Ltd.:
Rosseau Asset Management Ltd. is a Toronto-based money management firm that caters to high net worth and institutional investors globally.  Rosseau's objective is to maximize long-term capital appreciation through North American special situation and event driven investing, with an emphasis on Canada.  A core competency in fundamental research allows Rosseau to identify opportunities in corporate restructurings, turnarounds, bankruptcies, unique growth opportunities and other special situations.  Assets under management are in excess of $300 million.