CSE:MHY.UN - Post by User
Post by
pennylane101on Aug 29, 2017 11:04am
279 Views
Post# 26632267
Recent developments...
Recent developments...Anybody still out there? Yawn.. ;0)
Latest Management Report of Fund Performance:
(my opinions in italics)
The overall environment for Cline continues to gradually improve in 2017. Prices remain strong, the U.S. dollar has weakened somewhat, and at least two restructured coal companies have gone public. This indicates there is a renewed desire to provide capital to the industry.
We are now engaged with multiple parties in exploring fresh capital and perhaps new ownership for Cline. The visions for Cline are extremely varied, as are these parties’ perception of value. (what's the big deal, you go with the highest bidder) These negotiations are complicated and have proven to be protracted in the past. Overall, the prospects for a liquidity event are improving, yet far from certain.
Effective January 3, 2017, James Werry became a member of the Independent Review Committee of the Fund.