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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Comment by miner8740on Aug 26, 2011 7:54pm
366 Views
Post# 18984943

RE: HOLD CMK

RE: HOLD CMKcmk is paying for port service in Texas but still no coal to ship down
may be running out of working capital<
suspect a news release very soon to this about lack of capital and maybe may need a share offerring to cover the overruns
this may hit below 1.00 in the near future
still may have limited production coming out of mine, may not be reaching targets, i see around 200 to 700 tones per day, will not even cover the wages or mtc cost
cmk shoud of did a bankable feasibility study at first to determine if this is viable
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