Cline Mining Corporation T.CMK

Insiders

[pastafagoli]

From the last report i saw there was no recent insider buying.  Why not with the mine close to production and everything going "so well."  It seems the insiders really know where the stock is going.  They all sold in the $3 and $4 range when the stock was supposedly going to rise some more.  What a coincidence they sold before the $2.75 financing (ie "the Blindside"). 

It seems they sold at the right time and their lack of buying at these extreme low levels worries me.  Please tell me there has been some recent insider buying that i missed.

w.r.t a bottom - a few weeks ago on this board people were talking about a $2 bottom.  The bottom for all stocks and especially this one is 0. 

If it rebounds its better to be late for the party than too early.  If the world doesn't end (again) and the 200+ CMK employees buy shovels and dig out some coal maybe this thing will rebound.  I remember last yr that it climbed fast and furious.  As Archie Bunker used to say - those were the days.

Pasta

[ark88]

I have the benefit of having started buying Cline in 2004-2005 along with other met coal plays. I could tell you that in all that time, there were very few instances of Insiders buying on the open market, period. The most recent buying from an Insider was D. Hendrick buying a good chunk in a PP, perhaps in 08-09ish related to drilling at Cline Gold. That's it, period. Just not their 'style

[Rudee.]

At this point, GCE has the significantly better upside, and it's safer. Like others, I doubt the CMK share price will ever get over $3 again. Going to be a heck of a lot of tax loss selling on this in 2 months time.

[ark88]

So, you have a position in GCE and none in CMK now, right?

[ark88]

Rudee; of course you don't have a position in GCE. you have a short position in CMK. good for you.

[cooper90]

Pastafagoli......look at the options granted to all the managers of CMK, look at ownership of Ken Bates over 5% ownership alone. Some of these directors have 500,000 in options - multiple thousands of granted options sitting at $3.50, which means they are all getting ZERO for these unless they perform. It gives me some hope that as a key director or manager (I mean all of these guys) the main

[straightbull]

Bates is making (not earning) a million dollars a year without performing.

[Rudee.]

I have shorts in positions too numerous to list, but yes, CMK is one of them and have been short CMK for a while now. Was short GCE briefly, but covered recently.

[miner8740]

cramer say tonight get out of coalarch coal just anounced poor 2011 guidance  for remainig year will update guidance for 2012 in 6 weeks timeafter hours , stock is taken a beaten during after hoursmay have some effect on CMK on Monday

[Rudee.]

Yeah, the coal story isn't looking very encouraging in the near future, that's for sure. Below $1 prob Monday or Tues next week.

[straightbull]

This stock is a  (sick dog).Reason for sickness will be found soon.

[desperado76]

I have to agree. The truth will be available to all of us in a few more days. Having said that, I am back in under a dollar. Sooner or later these donkeys will get it together. At 50-75cents the risk/reward is healthy. We are getting the coal in ground for less than a buck a ton. The general market in coal and the pending info is a double whammy that will send this under a dollar. My DD tells me

[straightbull]

Dog is feeling better....Dog still needs more love....good production results.