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Bullboard - Stock Discussion Forum Cline Mining Corporation T.CMK

TSX:CMK - Post Discussion

Cline Mining Corporation > Lots of Buying from Fidelity
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Post by courtney10 on Aug 16, 2011 3:53pm

Lots of Buying from Fidelity

Fidelity Investments has been buying alot of shares in the past week.  Good sign.   I spoke with Dale Hendricks yesterday, after failing to speak with someone from Cline.   He is good, will return your calls.

Feedback

1- was not sure about the amount of coal that went out, or the price- is not involved in the day to day operations
2- did say that the company is currently producing 1000 tonnes of coal per day at the present time
3- will not run out of money, is confident that at least 2.5 million tonnes of coal will be produced in 2012,  there are several buyers for the coal
4- blue seam permits should not be a problem

I ano happy about the news release, at least some sales is better than none.  

Good luck to the longs

Comment by ckstar83 on Aug 16, 2011 5:40pm
what is his number?
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