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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Bullboard Posts
Post by miner8740on Nov 10, 2010 7:23am
353 Views
Post# 17685147

News Another Share offering?

News Another Share offering?It is most likely that Ken Bates will ask for another share offering to cover the overrun costs of setting up the wash plant.  Wash plant behind schedule. Also, additional mining equipment is required to bring up the mine for production which is way behind schedule, possible start up of of 2011. Working capital is also required to cover the wages for the workers on site as no revenue is generated. Also from my understanding there is no market for the coal. This share price offering will be around 1.95  for another 30 million shares. Way to go Ken, you are doing great wonders for your shareholders. Remember what you did to them back in 2009.
Bullboard Posts