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Bullboard - Stock Discussion Forum Cline Mining Corporation T.CMK

TSX:CMK - Post Discussion

Cline Mining Corporation > would this appreciate in short term
View:
Post by Misbah1 on May 29, 2013 1:21am

would this appreciate in short term

What are the chances that this stock will appreciate substabtially before year end..... ........sensible opinions would be much appreciated
Comment by steeler07 on May 29, 2013 7:02am
Key is off take agreement -  AHMSA has just increased crude steel production by 40% -  they just signed an MOH with Volestapline to purchase DRI from the proposed new facility in Corpus Christi -  Mexican market demand for steel is booming.  AHSMA facility is located in Monclovia Mexico -  close to the Texas border. AHMSA just refurvised its coke batteries -  ...more  
Comment by straightbull on May 30, 2013 11:12am
Will not happen. 1) Cline coal quality questionable, especially after being stockpiled for so long. 2) Lot's of met coal inventory available. 3) Based on Clines poor track record, potential customers would be reluctant to sign any offtake agreements with CMK. It would be a needless risk on their part.
Comment by bond46 on May 30, 2013 10:44pm
Coalsoul, there is a gag order by the TSX that any material info will have to go through the TSX while the prospectus and the Rights offering are in process. Any material developments will most likely be announced at the AGM or after july 31st when the day for the Rights offering is supposed to expire. I don't know what info you have and how you got it, but the writing is on the wall that ...more  
Comment by bond46 on May 31, 2013 10:16am
Reports from Chinese coal and steel traders see the bottoming out ot the met coal price in late August-September. Let us hope that they are right. In the meantime, Germany will have completed their elections and will start pumping money back into the European economy. In the meantime the US will have to lay a lot of pipe for their newly found energy, shale gas, throughout the US and that most ...more  
Comment by steeler07 on May 31, 2013 11:35am
As previously posted -  AHMSA has increased capacity by 40% -  location Monclova Mexico -  rail link to Corpus Christi -  automotive is booming in Mexico -   Yesterday - POSCO has picked up a met coal opertaion in Australia Japanese traders are looking for access to met coal assets -  buying at the bottom of the cycle
Comment by recy123 on May 31, 2013 2:58pm
I searched the colorado job site and didn't find any job posting related to mining.  can you please post a link to the posting?
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