Cline Mining Corporation T.CMK

Strange similar feeling

[chipper1360]

This has a real similar feeling to RDA. Big pump with rumours of company being sold just long enough for the big boys to dump all their shares and get out before closure and us guys holding the empty bag. I'm in the mix here too but be cautious  this sp is rising only because someone wants it to for "that hidden reason" we don't no.

I see nothing has changed which means .......... Nothing's changed!

 

 

Good luck

[aatwal]

You are kidding by saying nothing has changed????  Alot has changed....the fact that they actually hired an investment bank to search out other alternatives to the Marret Plan, plus who would not be looking and checking out a mine with all the infrastructure in place and resource of over 600 million tons......rather than the bondholders taking the company for cheaply as 50-60million dollars

[unclesam2]

-- One of the smartest posts that I have read on this board today !! " Could not have said it better myself !!"   Thank you

[ark88]

this is a very critical time in CMK history....either the shareholders get rewarded or we are hung out to dry..   Well maybe not. At this point in the game, management may have very little choice but to act in the best interest of their shareholders. That is the very point of putting the company up for sale, after exhausting all options. If they fail to act in the best interest of

[aatwal]

Exactly my point...in the past CMK did not face this situation before.....so IMO it is a critical time in terms of getting something done for the shareholders or not!??!?  Because if they do not act Bondholders will own CMK, and mostly likely current management will be kicked out, and we shareholders will be stuck with 0.02 a share price and most likely a reverse split like 20 for 1.....Then

[ark88]

If management didn't undertake this option, they would likely face a lawsuit. If management got an offer and rejected it because they felt it was too low, they would likely face a lawsuit. Bates probably wants something close to $250 mil. if nothing else but to save face with a SP near a dollar. Why would a buyer pay this? Why wouldn't they low ball. The assets aren't going anywhere

[bond46]

The best thing going for us is that GMP securities may not buckle under Bates schemes and produce a buyer, putting the entire gang under pressure to deliver. In a twist of fate, Bates schemes may become a boumerang and force him to accept the inevitable. It's therefore a positive note that GMP is involved that will strike a note of confidence that something is in the making and if Bates