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Bullboard - Stock Discussion Forum Cline Mining Corporation T.CMK

TSX:CMK - Post Discussion

Cline Mining Corporation > thyssen krupp
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Post by hoagy16 on Jun 28, 2012 9:01am

thyssen krupp

you really have to wonder why they dont try to make a deal with TK.they have a

steek mill in alabama and one in brazil and they use to be on the BOD of cline.

also mitsubishi in japan.whats the preoccupation with china.

Comment by bond46 on Jun 28, 2012 12:24pm
The simple reason, hoagy16, is that Ken Bates is a megalomaniac who believes in destiny, like Napoleon in the 19th century France who wanted to conquer the world, and unless he reaches the 10 million tonnes mark of production of met coal a year, he is a failure. Ken Bates and co most likely believe that we have to suffer short term pain for a long term gain, if we survive that is the trial. If not ...more  
Comment by waterboy2 on Jun 28, 2012 1:30pm
ThyssenKrupp said today that it has hired Goldman Sachs and Morgan Stanley to review strategic options for its steel plants in Brazil and Calvert. On May 15, 2012 the Executive Board of ThyssenKrupp AG announced its decision to examine strategic options in all directions for the Steel Americas plants in Brazil and the USA. This may involve a partnership or sale to a best owner whose strategy can ...more  
Comment by hoagy16 on Jun 28, 2012 6:48pm
Wasnt referring to TK taking over cline, just getting a sales contract to sell them some coal. Sorry if there was any confusion.As for the company itself I do not want it taken out at a cheap price.
Comment by GUNSS on Jun 28, 2012 10:57pm
What do you consider to be a cheap price?  A new research report out today has a BUY rating and a $1.50 price target. 
Comment by hoagy16 on Jun 29, 2012 3:06am
Anything substantially less than $10.I know that seems high but I look at it from the s/h point of view and not that of the takeover company.I think it was you who penned the article on a Cloud mining possible takeover.It was a good article and well thought out but all about the advantages for Cloud.As a longtime s/h of cline I think its a cash cow IF they get their act together and if they get ...more  
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