Cline Mining Corporation T.CMK

Greece`s useless economy

[seanj1]

The way the media is talking about potential fallouts of Greece`s exodus from Euro is as if China is about to exit world market. The fact is that Greece`s economy is insignificant compared to other European countries, it would have been a far better option to have kicked them out of Euro long long time ago. Their economy has always been a mess and will always be. Euro will be far better without useless freeloader countries like Greece.

Take advantage of fire sales on so many quality stocks. As for CMK they have huge reserve and are in a money saving mode till coal sector heats up again. I am adding here and not selling. Selling is way overdone.

[bond46]

For the record pal. Greece's economy is virtually non existent partly because Greek capital is not investing in the mainland; it's in the Marine industry. Greece is the first Merchant Marine power in the world but all this capital is invested here in the US and England. All these ship owners tycoons use Greece only as their play ground. Besides, Greece's 30% of GDP  goes into

[cooper90]

Bond46....you are not getting it! It doesn't matter how big the Greece economy is my friend, the issue is the contagon in the worldwide credit markets, and financial institutions as a result, as well, the issues with fall-out in the Euro and as a result reduced overall GDP growth in Europe and then China as a result of exports......... I believe it is over done but you keep saying

[ark88]

Mr Bond: you continue to impress with your solid understanding of history and why places like Greece are where they are today. Allow me to add one small dimension. Greece is an ancient culture, but the modern state of Greece that we know today is relatively young. After the fall of the Ottoman Empire, Athens was a mere town of some 30 thousand. In fact, the make up of the Greek populace today has

[bond46]

I get the point Mr Cooper, and in fact I pointed out yesterday in one of my blogs, that if you want to look for a bottom, watch the developments in Greece and if Greece elects a Left Wing political party, Greece may exit the Euro. So watch the June 17 elections in Greece and if a moderate political party has the majority vote in Parliament, the Euro will rebound and this is the time to start

[whitehorntiger]

if Greece exit Euro, they are sacrificing their next and next generation's future, horrible.

[cooper90]

Some good points we will need to see where things pan! But we also nee assurance from Bates that a joint venture, selling of non-core assets would come before another equity issue, because at these levels it would really hurt all investors who have been around ovre a buck.....and that is many of us.......old faithfuls.... Coop

[bond46]

Your addition ark88 is true; modern Greece did not evolve through endogenous conflict and the process of primitive acculation of capital like it happened in advanced indutrial countries of the West; how could have, since it was under occupation by a backward power from the East, the Ottomans, who did not allow private property and capital accumulation in order to invest in the economy. So the

[kingyahoo]

bond, with due respect, I know the history of Ancient Greek quite well. We can talk from Plato, to Aristotle and all the way down. The problem with modern Greece is corruption. Hardly anybody pay taxes. If you have a puny little church on your property, you do not pay property taxes, etc., etc., etc. Now Greeks are up in arms because they have had it too good for too long. The problem is, in all

[bond46]

Kingyahoo, you're party right, corruption is part of the problem in Greece and the inablity of the State to control it. But I tend to hate mono-causal explanations of these phenomena; there are muliple causes which give rise to corruption and economic and political cronyism. Some of these causes are lack of industrial infrastructure, past wars and revolutions s, civil wars, occupations

[shane117]

Can everyone just shut up about friggen Greece! Enough Greece already!

[kingyahoo]

Well bond, I do not have any problem with your explanation. All nations will be affected and some more than others. I saw the writing on the wall when I visited Spain last year. Two month ago, I sold my house (1oo kms from Paris) and took a beating. I literally had to give it away. One little consolation is I transferred the fund right away into CAd and got $1.33 CAD for I Euro. Unemployment in

[bond46]

You have to understand the macro economic conditions that affect the price of the stock. And by that I mean to understand what affects world demand for coal, and how Europe can not be taken out of the equation since it's the biggest customer of Chinese exports, steel included. And when the Euro currency goes down, it affects the profit margins of US companies and triggers a sell off in the

[shane117]

which in turn, I don't give a crrrrap! PAL

[kingyahoo]

Good man bond.

[GUNSS]

Looking back at missed opportunities, managerial mistakes or poor communication skills is pointless. Looking forward is all that counts. Cline has very valuable coal assets. A mine and related infrastructure that has the geological and physical attributes to produce up to 3 million clean short tons of coal per year from 10 continuous miners. All 10 CMs are on site. Cline has dedicated rail and

[longinvestor12]

Very good and accurate account of Greece's history Bond46. I am impressed. You did not miss on any of your points.

[bond46]

Thank you Sir, I do what I can to make sense of the plight that befell upon us all with CMK and show that not all is lost. May be it's not all Ken Bate's falt that the price of CMK has dropped so much. Macro economic conditions could have played a much greater role than we actualy realized. That of course does not absolve Mr. Bates and his inner circle with the constant