Post by
maplak on Oct 05, 2011 7:06pm
O
my faknes there was a news on Monday.How come nobody informed me.Here we go they are running out of cash as Mr.Maplak and Mr. Miner8740 predicted.They have secured loan up to 50 million-more shares dilution.Another loan for what? I thougt they are in production generating cash .They just got financing not long time ago for $75 millon.That means it is all gone.
Comment by
miner8740 on Oct 05, 2011 8:23pm
cmk may be using 10 million per month on working capital and capital expeditures, at this rate most of the capital raised in the last period may be exhausted and reason for a new line of creditthey may still need another 100 million for proposed longwall miningmining conditions may be difficult causing production targets not to be achievednews may be coming soon on the challenges cmk is facing
Comment by
sunshine7 on Oct 05, 2011 9:50pm
Stock rising and the shorts try to talk in down. Think the opposite of long and you will understand Malplk and Miner.