Cline I am cautious of Cline, however looking at the historical spot pricing for coking coal, it has been strong since 2007 and yes there has been a drop in demand. So, if Cline can provide some news on production and contract status the stock price should trend up. Just a bad time all around. I did look at the credentials of Cline, and as the saying goes, this is not their first rodeo.
I plan on cold calling a couple of realtors in Trinidad CO and ask them if folks are moving into the area and work for Cline. Also might call the local paper and ask them what they think of Cline. If there was news of employment up or down they might know something. Any economic spin-off from Cline would be welcome news to the folks in Colorado.
This could be a good asset, and management seems capable. It just seems odd that management has been silent on the contract status for soooo long and it would look better if management was out buying their own stock. they received options @ $1.53 so a buck and change would seem to be a steal.....
I will be going at the AGM in Toronto, when it's announced. I also went back to October 2011 and read the Stockhouse postings, sound just like today!
CJ
| 2008 Q1 |
$98.90 |
| 2008 Q2 |
$129.91 |
| 2008 Q3 |
$149.30 |
| 2008 Q4 |
$156.65 |
| 2009 Q1 |
$133.86 |
| 2009 Q2 |
$115.25 |
| 2009 Q3 |
$111.64 |
| 2009 Q4 |
$112.91 |
| 2010 Q1 |
$117.36 |
| 2010 Q2 |
$143.7 |
| 2010 Q3 |
$162.5 |
| 2010 Q4 |
$160.6 |
| 2011 Q1 |
$170.4 |
| 2011 Q2 |
$191.2 |
| 2011 Q3 |
$201.6 |
Figures above are average quarterly export prices for metallurgical coal ('coking coal'; 'met coal') shipped from the USA expressed in USD per short ton on an f.a.s. basis [free alongside ship]. To see domestic US coking coal prices and / or other commodity price data including thermal coal, iron ore, ferrous scrap, natural gas and electricity prices, see our
commodity prices page. Source: all figures above are courtesy of the EIA.Table last updated: 21st January 2012