Cline Mining Corporation T.CMK

Still Holding

[ark88]

I've been a Cline shareholder for a very long time. Like many others, Itoo was certainly disappointed with the bought deal news 11 days ago,largely because it came unexpectantly so soon after the AGM.

In the past, I've been a shareholder of other met coal stories like Western Can, Pine Valley, Grande Cache, Hillsborough etc. I've experienced the start up stories of these and other coal companies and I would still maintain that the potential of Cline is one of the very best met coals that I've invested in.

Part of the sheen that has come off management of late, in my opinion, is attributable to the fact that their targeted production numbers were very ambitious from the get go. 1 mty to start and 3 mty the following year by industry standards is almost unheard of. 500k production target is typically the industry norm for met coal start ups.

So now, these production targets have been pushed back 6 months or so. Has the value proposition of Cline really changed with this amendment? More importantly, why was management so aggressive in the first place? It's because New Elk, or even Cline itself will be sold. This is why I'm still holding and unreservedly believe the large upside in SP is still intact. GLTA

[godman]

I was wondering if you and Sigs were still around, assumed you were. Halter Shane hope you are still here.Sorry Elgen for the name calling, you got me a little riled and if I was off a few Million, one way or the other, my point was, this mined was opened, for one, and done so cheaply, in my opinion. I admit I am no mining expert, but I have been in business for 35 years and no how hard it is to