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Bullboard - Stock Discussion Forum
Cline Mining Corporation
T.CMK
Metals & Mining
Industrial Metals & Minerals
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Bullboard (TSX:CMK)
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(626)
•••
ark88
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Comment by
ark88
on Jun 17, 2013 2:49pm
RE: RE: RE: RE: RE: An encouraging sign?
Didn't understand a word of what you posted.>
(7)
•••
pastafagoli
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Comment by
pastafagoli
on Jun 17, 2013 2:40pm
RE: RE: RE: RE: An encouraging sign?
Uh, the trustee is appointed and works for and is paid by the creditors. Marret will use CCAA and not bankrupcy since their debt is secured. CCAA will allow them to cancel the expensive
...more
(3)
•••
jsnfernley
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Comment by
jsnfernley
on Jun 17, 2013 2:34pm
RE: RE: New CFO reply)
Why don't you look him up online? Most of his involvement is with capital pool, other non-operating or small operations losing money.
(0)
•••
bond46
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Comment by
bond46
on Jun 17, 2013 2:04pm
RE: RE: RE: RE: An encouraging sign?
Agree with Ark 88. This is a fair assessment of the situation.
(626)
•••
ark88
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Comment by
ark88
on Jun 17, 2013 1:56pm
RE: RE: RE: An encouraging sign?
Mr. Bond is right. Cline is insolvent BUT not bankrupt. There is a big difference. If they declared bankrupcy, even Marret may not get all their money. Even worse, Marret would lose control of the
...more
(0)
•••
bond46
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Comment by
bond46
on Jun 17, 2013 1:42pm
RE: RE: An encouraging sign?
I am aware of the possibility of going into Chapter 11, liquidate the assets and then rebuild. The problem with this solution is that there will be no assets left afterwards to rebuild anything. That
...more
(0)
•••
CigarJoe
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Comment by
CigarJoe
on Jun 17, 2013 12:27pm
RE: Where did my money go?
The coal is located in a protected area of Canda that is to remain a national park reserve. OFF LIMITS to the destructive forces of man :)
(7)
•••
pastafagoli
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Comment by
pastafagoli
on Jun 17, 2013 12:23pm
RE: An encouraging sign?
Bond - What you are hoping for here. Its all over. Any rebuilding will be post bankrupcy and not accrue to the shareholders. There is no equity value and they owe marret
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(0)
•••
bond46
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Post by
bond46
on Jun 17, 2013 12:05pm
An encouraging sign?
The tone of the NR today about hiring a new CFO is a bit encouraging. The fact that the new management addresses the shareholders in itself is encouraging that they are not planning of sending Cline
...more
(0)
•••
bond46
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Post by
bond46
on Jun 17, 2013 12:05pm
An encouraging sign?
The tone of the NR today about hiring a new CFO is a bit encouraging. The fact that the new management addresses the shareholders in itself is encouraging that they are not planning of sending Cline
...more
(7)
•••
pastafagoli
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Comment by
pastafagoli
on Jun 17, 2013 12:01pm
RE: RE: Where did my money go?
If you are referring to the 70,000 tonnes Marret was securing it as collateral and probably shipping it to a secure locate or to a buyer. Shareholder's do not own it anymore. When you
...more
(626)
•••
ark88
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Post by
ark88
on Jun 17, 2013 11:25am
New CFO
Cline Announces Appointment of CFO 11:22 EDT Monday, June 17, 2013 TORONTO, ONTARIO--(Marketwired - June 17, 2013) - Cline Mining Corporation ("Cline" or the "Company") (TSX:CMK
...more
(7)
•••
Wolfhunter2
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Comment by
Wolfhunter2
on Jun 17, 2013 10:53am
RE: RE: Where did my money go?
They skimmed alot off the top and never intened to ever mine the coal . Where's the money look in their back pockets . New coal mines being built in BC and every LB of coal will be sold . CMK lies
...more
(0)
•••
riverrocks
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Comment by
riverrocks
on Jun 17, 2013 10:39am
RE: Where did my money go?
Where did our coal go thats the 10 million dollar ?
(0)
•••
pull1
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Post by
pull1
on Jun 17, 2013 6:34am
Where did my money go?
Cmk was supposed to produce 3mt of met coal per year. Everything was ready and set for production, equipments were purchased and workers were hired. The company was valued at almost
...more
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