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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Comment by CoalRookieon Dec 04, 2012 10:19am
112 Views
Post# 20680007

RE: Re: puzzle solved - 8740 - Howie

RE: Re: puzzle solved - 8740 - Howie

The question is, can CMK make it through this cycle? Apparently, they burn $900k a month with very low cash on hand while owing a interest payment in February which, after doing some small math, they cannot pay.

Without finding some cash very soon it looks like they are going to be in hot water. Lets hope off take agreements or coal sales happen within the next 2 months. Even then, that is cutting it close.

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