Cline Mining Corporation T.CMK

Cline Mining Announces 2011 Annual Financial Resul

[seanj1]

https://www.theglobeandmail.com/globe-investor/news-sources/?date=20120229&archive=cnw&slug=C8414

[Wolfhunter2]

Boy O Boy these guys are just one cluster F after another . Just one BS story after another .

[ark88]

Over the course of 2012, the Company anticipates spending approximately $50.0 million in new capital costs and approximately $125.0 million in operating costs. The Company's plan for calendar 2012 anticipates the production and sale of 1.7 million tons of coal, with projected cash breakeven being achieved upon sales of approximately 900,000 tons. In addition to the sales of metallurgical coal

[straightbull]

Based on their track record, if they state they need 900,000 tons to break-even, they probably need 1,300,000 tons to breakeven. If they state they will produce 1.7 million tons in 2012, they will produce 500,000 tons. I agree ark88, they may need more funding in 2012.    This company has made me such a cynic.  

[brundall]

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[patio]

Presumably interest on investments?

[pastafagoli]

too angry to look at the actual financials after the md&a but its probably gain on sale of the lossan deposit.  Also they sold for 40M but realized around 37M after "expenses" - someone pocketed 2-3m of commissions on this give away Lots of ways to skin a cat if you can't mine coal - bonus, director fees, options, commissions, "consultant"  

[Eigen337]

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[brundall]

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[brundall]

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