Cline Mining Corporation T.CMK

There is no way they can start up again

[bobgervais]

With out taking this company into more share dilution, they have not sold any coal and the market stinks right now, who would step up to the plate to save them, Bates had plenty of chances

[MoneyMaker110]

A big player would.... With evaluations at all ime lows this is the best time.  Why not spend $100million now which will give you over $290 million in assets, that's a good return.   Takeover happens  when markets are bad just look at the nat gas market, giant moves were made when the price was so low.  Ppl that takeover want tobuy in depress markets not when things are

[GUNSS]

"who would step up to the plate and save them..." Let's say that Peabody bid .50 per share, (to be clear, not a price that I would want to sell at!) Then, most of the under-water stock options would not be exercised. Peabody would be able to get the company for 210 mm shares x .50 = $105 million, + $50 million in debt, - $16 million of cash = $139 million. Peabody

[G4General]

even at 0.50 its still not half the asset value, theres more value then 0.50...fair value on the low end is 1.21-1.37, and book value is 1.14..applying a 35-40% discount to book value give us 0.72-0.80...see you may not have a choice to sell at 0.50...because it could go hostile

[GUNSS]

Yes, so, IN MY OPINION only, Cline Mining stock at .30 per share is a 6-12 month Call option on a recovery in hi-vol "B" coking coal.  AND, IMPORTANTLY, the, "premium" paid of .30 per share for the Call option may never be lost if/when Cline is acquired.  Is all the near-term bad news out?  The Company is not producing, so they can't report 

[mr1derful]

I seriously doubt Peabody would ever acquire Cline. Peabody constantly emphasizes about being a low cost producer. So why would they want to buy Cline's high cost assets. Makes no sense at all. Takeovers are so over rated as a way to bail out shareholders. It sure didn't help Patriot Coal...and Patriot was once a subsiduary of Peabody. Guns. You are just pumping this stock.

[GUNSS]

Patriot has $1.5 billion of legacy liabilities!  No one would touch that. If Peabody thinks that the long-term benchmark coking coal price will be $200 or lower, then I agree, they probably wouldn't buy Cline Mining.  Peabody needs $225-$250 coking coal to make good money in Australia where industry mining costs are quite high and still going up.  I don't