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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Post by waterboy2on May 30, 2012 6:40pm
422 Views
Post# 19963059

AGM

AGM

Thank you Ark88. Your report is very accurate. There is one minor piece of info missing so far and that is in regards to the rail connection between the mine and the loadout in Trinidad. It was mentioned that there are discussions with the railway company to provide the capital for completing the connection and then to pay back on a per ton pro-rata basis once coal sales are sufficient and regular. Further I would only add that it is unfortunate that the chair of the meeting, Bill McKnight, never wanted to really have too many questions asked. He pushed the meeting through and cut off the question period which clearly some in the room wanted to continue for a while longer. I was disappointed overall because the presentation given by Ken Bates was poor and had " no beef on the bone ".Back in the day  he was very shrewd in acquiring the New Elk asset and has had great foresight in doing so, but he is clearly no longer energetic enough to finalize this project for all shareholders. I am hoping that there is sales success in the short term and further hope that a suitable offtake agreement can be arranged as soon as possible. Such offtake agreements are win-win situations for both parties and would help us to be  properly financed and move forward becoming a top notch met coal supplier.

Let us hope that luck and good fortunes are on our side. Time will tell.

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