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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Post by straightbullon Mar 02, 2012 6:55pm
421 Views
Post# 19620795

Trend down to continue.

Trend down to continue.

Disappointing news release combined with no further news in the next several weeks will put downward pressure on the stock. All coal stocks are taking a beating does not help. As posted by many, CMK is burning cash very fast and are not expecting any revenue as there is minimal production. There is a possibility of another PP. I can envision they may raise $50 million at say $1.25 a share. The price will have to be low enough to attract buyers, and they may also include some warrants as an incentive. This potential dilution will also put pressure on the stock. With all this headwind, the stock will continue to trend down.

 

 

 

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