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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Comment by bond46on Feb 10, 2014 3:10pm
305 Views
Post# 22192280

RE:RE:RE:RE:need word from our CIO

RE:RE:RE:RE:need word from our CIOMaybe that is what Marret want; the State to move in and shut down the operation. In that case they can move toward liquidation of the assets save the resource. The mine can be sealed and probably be sold in the future. But Marret is not gaining anything. If they go for the auctioning of the assets, they will be lucky to get a third to the dollar in the current market conditions. Their best bet is to find a buyer, take a write down, from their 80 million dollar debt and move on. The question is is there any buyer interested in this . Time will tell.
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