Cline Mining Corporation T.CMK

Ken Bates Integrity Questioned

[nrschevy44]

I was at the annual meeting in May. I met Ken Bates, and from our conversation I believed he was passionate, sincere, and was putting a lot of confidence in the new boys they hired from Xstrata. I left the meeting knowing that this company had put the cart before the horse. They opened up the mine, and ramped up production when the mining cycle was on its way down, and most importantly they did not, and still do not have Sales Contracts. Thank God they went on Shut Down, and  have some finances to lay Dormant for a while, the question is how long?

  I do not believe Ken is a liar,just not as shrewd as many of his peers,if so our stock price would be considerably higher. Share Holders should have had better support than shown from the Cline Management team.

Cheers Nrschevy44

[AT1234]

I would not be using "sincere" when describing Mr. Bates. "Sincere" implies honest. Here are quotes from some of Mr.Bates' releases: July 14, 2010: "The coal mine development plan is on schedule and within budget. Production will ramp up to 1.3mm tons in 2011" Dec 23, 2010: "Cline has achieved mine start-up. Production will increase over the next year, with

[Tinyhopes]

Iron Market Update (August 23, 2012)1Thursday August 23, 2012, 4:25am PDTBy Chad Fraser2 - Exclusive to Iron Investing News3 Share on linkedin_counter Email Benchmark iron ore (with 62 percent iron content) continued its slide this past month, falling from around $122 a tonne to $106.40 as of August 21. That’s a low not seen since December 2009.The drop came in the wake of

[steeler07]

nrschevy, I met Ken Bates last year at the PDAC, and got a simular impression. The cycle will turn, and when investing in a Jr you must expect a bumpy ride.   He bought the asset at a great price, and lets hope the new management team can deliver.   Cheers