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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Bullboard Posts
Comment by miner8740on May 14, 2011 10:47am
375 Views
Post# 18576345

RE: good price movement on a down day

RE: good price movement on a down dayFYI

The Company's ability to continue as a going concern is dependent upon its ability to fund its working capital, exploration and development requirements and eventually to generate positive cash flows, either from operations or sale of properties

Cash at end of FEB 28 million, consuming approz 7 million per month, may be out of cash now

Substantial additional funding for the establishment of the Company’s planned mining operations will likely be required, maybe share dilution. The company in its latest report said ..... the Company may be required to undertake additional equity financing which would be dilutive to current shareholders, the writing is on the wall

In addition, if debt financing is available this may place restrictions on financing and operations. There is no

assurance that additional financing will be available to the Company and it may be required to reduce the scope of its operations or planned mining operations, this may be the most likelr scernaio

The Company’s reported coal reserves and resources are only estimates. No assurance can be given that the estimated coal reserves and resources will be recovered or that they will be recovered at the rates estimated. Coal reserve and resource estimates are based on limited sampling, and consequently, are uncertain because the samples may not be representative.Coal reserve and resource estimates may require revision (either up or down) based on actual production experience

This information is reported by Cline management to shareholders, so hey are telling what will may most likely happen

Bullboard Posts