RE: Cline Mining Establishes a Stand-by CommitmentThanks for the post!!
WOW..GREAT NEWS!......So basically CMK just secured a $50,000,000 million credit facility which is great news in my books!! Great to see management is looking ahead and ressuring investors that this company is prepared for the long haul!
Looking back the $86M stock issue was proably the smartest thing this company could have ever done to protect long term investors, done well in advance of this huge downturn and market uncertainly
Now they sercure a $50M credit facility & no major stock issuance!!
MILLIONS in the bank, $50M unused CL, no debt, whole mine is new and upgraded and almost ready to hit full production.....I'm so happy right now as I am prepared to hold and or accumulate for this long term GEM!
CHEERS CMK MANAGEMENT!