Cline Mining Corporation T.CMK

Re: last man in first man out?

[bond46]

If David Stone were to quit for "health reasons" or to "pursue other options" CMK is finished. And that gives him the power to set his own  conditions of staying on or destroying this company, and one of the conditions he must set is clean house especially the parasites on the board who drove this company at the edge of the cliff. Stone has  the power to clean house whether he does it with a bang or use the salami tactics, i.e., slice them slowly is irrelevant to us, but clean house he must. At this point the only best two options for CMK I can see is either a Joint Venture or an off take agreement. But we'll see.

[ark88]

I'm really hoping that Bates is on the phone everyday pleading with Mitsui to get back on board in one form or another. Bates and these guys have a long history and I'm just hoping that Bates didn't burn this bridge. Mitsui would be an ideal strategic partner...again.

[bond46]

I would not raise my hopes that Mitsui might come back in. The question is why they left in the first place. Probably they saw the writing on the wall and jumped ship early. Their rep on the board, being in a minority, would most likely have been overuled by Ken Bates' party hacks and the reason, by the way, I got a big position in CMK was because of Mitsui. When Mitsui quit CMK there was not

[ark88]

I would not raise my hopes that Mitsui might come back in.   Well, actually that is about the only hope that I have with Cline. Don't forget that Bates was the CEO of Mitsui Canada and Mitsui provided the seed money for Cline well before NECC and Mitsui sent engineers to New Elk as part of the dd prior to the purchase. Let's hope that Bates didn't burn that bridge.

[waterboy2]

At the AGM it was confirmed that Mitsui is the agent for Cline in Japan and it was further stated that they are not the agent for China. GLTA

[bond46]

Thyssen Krupper, the German steel giant was one of the major shareholders at the start but they sold their position early and I would not expect them to return given that they sold their steel plant in Brazil a few months ago. Last time they bought their met coal from Teck Comminco.  

[ark88]

TK is long gone after they lost the bid for Dafasco when they were trying to enter the galvanized steel for the US auto market. TK lost couple of billion on their Brazil venture and the management has been on the hot seat ever since. They are in a retrench mode. They sold their shares to Mitsui after the Dafasco disaster.   Mistui may be our only hope.