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Bullboard - Stock Discussion Forum Cline Mining Corporation T.CMK

TSX:CMK - Post Discussion

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Post by sunshine7 on Sep 26, 2011 8:55am

Oversold!

Relief rally underway in EU this am. Look for a bounce back of CMK in the very short term to $1.50+. In the near-term, anything can happen. In the long term, CMK is good value but currently discounted until contracts and financials are disclosed. JIMO
Comment by Tinyhopes on Sep 26, 2011 9:25am
Good to see all the GREEN today. GLTAtinyhopes
Comment by Tinyhopes on Sep 26, 2011 9:51am
Part of the NR on Walter Coal.Hope this will help Cline for sales.tinyhopesThe strong exports expectation from CONSOL Energy came in as a surprise, while its peer Alpha Natural Resources Inc. (NYSE: ANR) recently lowered its export guidance for the fiscal year citing reduced demand from Asian countries. Another compatriot Walter Energy Inc. (NYSE: WLT) lowered its sales forecasts for the second ...more  
Comment by steeler07 on Sep 26, 2011 10:20am
Please note that the shortfall from Walter and Alpha are due to the difficulties surrounding production of met coal, not demand based.  It is a scarce commodity that is difficult to mine -  all past chatter regarding not meeting production schedules, is missed placed, met coal is difficult to mine, and resources are limitied.  I import steel from Asia and deal with both Chinese ...more  
Comment by Rudee. on Sep 26, 2011 9:13pm
Don't kid yourself. The European debt crisis doesn't end with just Greece. Even if Greece gets sorted out there is still Italy and the UK next in line threatening default. Larry Berman on BNN said this morning that a double-dip recession is now very likely going to happen.
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