RE: May 24 Resource estimate?? Hey Mis bah, at this point in time Resource estimates mean very little. Cline doesn't have the capability, experience and the money to produce at a level of profit to bring the share price up significantly. A company can have a gaz illion assets in the ground worth ga zilions dollars, and announce it to the world all they want, but if they cant get it out of the ground and sell it at a profit, its worth very little. So even if the resource estimates came in at 1 billion tons of coal, its not going to change the price of the stock too much. The reason why Cline went to $5 is because of market hype and the shareholders believing cline can produce 3MT a year, and sell 3MT a year... All that has changed now. I mentioned in a previous post that it made no sense to announce a press release of the new extentions to the lease lands, except for making it more attractive for a buyer to buy the company out. It's nicer to say we have 388MT of coal in the ground instead of 300MT of coal. On the other hand the pestamistic side of me wonders what other reason would cline go for more land leases, did they miss judge the quality or amount of coal in the original land lease? Im frustrated, and have lost faith in this company, and contimplating in taking a huge loss
in my opinion