RE: Not making money! The logic is simple. The current holders of Cline are taking a huge risk by hoping that someone will come to the table either to buy out the company or with cash infusion in exchange for part of the company, rather than letting it go to the bondholders! So at least some of the invested capital is saved!
If Cline did not have over 600 million tons of reserves backing it---steeling making coal and infrastructure in place I too would have sold all my shares awhile back. But this situation just does not make sense to me that no buyer would be willing to step in here at depressed prices and take the "control" away from the bondholders???