Cline Mining Corporation T.CMK

correction

[bond46]

The figure of the number of diluted shares, in case Marret decides to convert all bonds into equity at 0.005 is not 2billion as stated in the previous blog but 15billion as follows: the total debt to Marret is about $75million. If all this debt is converted into equity at 0.005 the total shares is in the order of 15billion  plus 200million shares owned by the current shareholders
to a total of 15.2billion a big dillution that will dwarf any current shereholder's equity. Let us hope that some sanity will prevail and Marret, in the case of sale of the company, will accept their capital and interest and allow the rest of the shareholders to get something for their lost investment. We'll see how things will turn out. One thing at the time folks and keep hope alive!

[steeler07]

Hi Bond, Recieved some insight on these issues Cline is still looking for a investor and is making head way Cline is still meeting MSHA standards and have not reported any cave ins David Stone is still living in Colorado and could be seeking employment at New Elk Cline can not comment on actions that Marret may or may not take Lets keep the dream alive

[bond46]

Steeler, you can't expect Cline to comment on such a sensitive matter as to what Marret's intentions are. As for Stone coming back, this could only be possible if the company ownership will change given the "bad blood" between Stone and the current Board which I assume took place with Stone's "resignation"( read dismissal).  The only chance for Stone to come

[miner8740]

what happen to bates just returned back from sibera is the mine still on care and mtc where is the mining machines

[The_Shadow]

BOND you gotta face reality. Not likely anyone will be much interested in New Elk as the coal quality simply isn't up to snuff.  This is why neither Bates nor Stone were able to sell the stockpiled coal at anywhere near production costs. Gotta face reality!

[bond46]

I am trying to "face reality" but "reality" seems to be so elusive. Do you know "reality"? Are you saying that all the Agapitos Reports from the start, the Stone report etc are all a scam? Wow, this seems to be a far-fetched statement to make We all know that this mine fed the steel industry for years and all of a sudden now is a scam? Hard to

[Misbah1]

Hello Help me to understand..... Q1:- if this company is sold for $ 1.00 per share ...does that simply mean person holding 50, 000 shares will get $ 50,000. Or there would be different caculations based on the fact that it is delisted and inolvement of mariot plans etc. Q2:-if this is for sale then what is best estimate of sale price per share???? though i understand it has got multiple thinks

[cokeexpert]

Regarding the New Elk Mine... This mine fed the steel industry when the steel was being made 90 miles away.  Since the steel maker stopped using met coal, the mine has done nothing.  Furthermore, a railroad track used to serve the New Elk Mine...however, the track was removed many years ago, leaving the mine without a viable way to get the coal to market. Considering these two facts