Cline ReorganizationHi FATBIDS
Cline has subsidiaries but they are not public and listed on a stock market.
I agree Gordon Gromley is focused on coal. He has great experience, right man for the COO. He was Open Pit Mine Superintendent Quintette Coal. That’s when coal was at rock bottom prices. So he knows how to control costs and is very “Hands On” just what Cline needs. His big mine, big project experience will be used throughout all Clines project.
Cline has great Coal assets and they will go into production one day. The Lossan Coal Project is located in the Peace River Coalfield of northeastern British Columbia. Probably this may be the first in to production. There are many other Coal projects and junior coal companies they could buy.
Cline has first class management that is capable of achieving great performance for shareholders. Due to project delays, Management is currently under utilized.
Pintree knows Cline has great Management. Pintree was very smart buying such a large percentage of the company so cheaply. Smart guys at Pintree.
The project delays were unexpected and it takes time for management to re focus, and come up to speed with other comprehensive strategies.
Management needs to plan for further delays on all its projects, due to the size of them. This is another reason why Cline needs to reorganize. If management focus on one project and it get delayed, the stock market will be very unforgiving. If management doubts this, it should give a phone call to Canadian Zinc (CZN)
We are at the top of a Bull Zinc market and CZN is sitting flat on its ass. They have a mine, plant everything. But no one will let them turn the switch on. Welcome to mining 2007.
Mining companies need to plan for delays. It has to be a, built in corporate strategy.
Cline needs a multi level, multi project and multi subsidiary strategy. Cline needs to be developing all its projects somewhat simultaneously through the environmental process in public subsidiaries.
The projects would not be built at the same time. But Cline should try to get them all through the environmental process and start land clearing and site preparation, just to say the project is in semi construction. This means Cline has exercised its right to build when environmental permits have been approved.
Cline needs to re organize all its assets, into focused public companies, Coal, Uranium, Gold, Iron and Base metals. With a dynamic President running each subsidiary, he would JV and obtain similar projects. The Presidents would report to existing Cline management, the seasoned veterans.
This would get Cline firing on all pistons and use the full expertise and resources of existing management.
Then you would see this stock dance and move.
If Cline reorganizes into public companies, this stock could easy go above $1 per share and never look back.
It would be full speed ahead.
After they reorganize they should do a promotion and PR work.
Notes typed quickly!
Good Luck to all longs...........See you at a $1
MP