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DRYBLOWER
Dryblower and the long downhill slide of Lourenco Goncalves
IT’S bad form to kick a man when he’s down but <i>Dryblower</i> believes there are exceptions to every rule, which is why he wants to share the story of Lourenco Goncalves, chief executive of Cleveland-Cliffs, an iron and steel company which once had close Australian connections.
A high flyer in his prime, Goncalves has been forced this year to make a hard landing as the share price of Cleveland-Cliffs has been cut in half, falling from US$8 in January to $3.74 on Friday. Looked...
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