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Bullboard - Stock Discussion Forum Cline Mining Corporation T.CMK

TSX:CMK - Post Discussion

Cline Mining Corporation > cmk may be put on care and mtc
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Post by miner8740 on Jun 16, 2012 7:27pm

cmk may be put on care and mtc

no coal sales

no market

costs are high<

care and mtc most logical

nicholos should start planing for the future of this company

may see 40 cents if news is anounced mine on care and mtc

pumps may be getting ready

Comment by airgoddafi on Jun 16, 2012 8:13pm
most probably this breaks support at 60 pennies, and no doubt we gonna test the 40s...   wheres that adiwal that pump and dumper now?
Comment by aatwal on Jun 18, 2012 2:52pm
How many other met. coal stocks u follow????........if u have not noticed global markets around the world are on edge right on as we speak.....lot of fear in the market right now!  Everything is being dragged down and investors jumping into bonds even to earn a neg. yields!  So what makes CMK so special for not going down with the rest of the sector???....u must be new to the game of ...more  
Comment by bond46 on Jun 18, 2012 4:54pm
Cmk will have a hard time breaking into the market because steel producers usually go with well-established companies to get their coal. A single mine company is at a disadvantage vis-a-vis the big boys who have been around longer and have established themselves. CMK can compete with them only on quality and lower price and the end users take advantage of that to push coal prices down, knowing ...more  
Comment by whitehorntiger on Jun 18, 2012 11:41pm
I don't agree Bond46. CMK is not a big player, especially it has not proven consistent production capacity. which determines its position in marketplace. However, players even smaller than CMS can find their share if the sales/marketing guys working in right strategy and who the customers are, end users or the buyers? My understanding is there are over hundreds smaller size steel producers in ...more  
Comment by bond46 on Jun 19, 2012 1:48am
The reason we hired Casey was his previous experience and presumed connections when he was working with Alpha Natural(?) but this is not a guarantee that he will sign any contract with the Easterners in Asia. At this very moment there are thirty seven ships loaded with coal off the Chinese harbors waiting to be unloaded and the custormers in China are reluctant to take them in and some of ...more  
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