Cline is Incredibly CheapThis site is killing me.
I am expecting Cline will go well over $2 per share on merger and $4 per share after merger. On a long term basis we could see $7 per share. I am expecting management to make some very smart end moves.
I estimate Pinetree has invested $6.5 million into Cline over the last 2 years at an average of 40 cents per share. They are looking for big gains and well above 70 cents per share.
I am with holding comment, due to the vote today with Western Canadian Coal (WTN) , I suspect getting full value from Cline will be related to WTN.
I picked 70 cents as this is next big step up in chart support. It also gives a low net Mcap of $46 million. Clearly Cline assets are worth much more then $46 million.
This example shows Cline is incredibly cheap today at 38 cents.
MP