RE: There is value at these pricing... Hey Coop, buddy, you have got to get your facts straight, before you post again.
Cline has already used $25million of the line of credit, and without a doubt, do not have $53 million in the bank today. This dollar represented what they had in bank at time of fiscal year end, they obviously spend money each day without revenue coming in.
We will know soon what the reason for the high volume and sell off is?
Anyone venture a guess?
I will start, has to with pricing of coal, and lack of sales contracts. My guess is that coal can only be sold at breakeven or perhaps lower, and thus production startup with stop.