FATBIDS / MISBAHFATBIDS:
You must love the fact that Cline has turned into a trading stock.
You should play it for all its worth. This is the time to make hay!
MISBAH:
As per above, Cline has turned into a trading stock.
It will trade its way to full value or take over value.
I expect Cline to be bought out before year end.
Cline is cheap based on assets and wealth in the ground; 900 M-Tons Coal, 500 M Tons Iron, Uranium & Gold projects.
Many posters such as (Badog) do not want a low $4 to $5 per share buyout because they would prefer Cline to trade based on earnings.
Badog position is my fall back position, that of a long term conservative investor, looking for high gains by investing in a near term production. If Cline management decide not to sell the company, shareholders will get a much higher price in about 18 months time.
Most importantly, when Cline goes into production, I suspect it will be at 3 to 4 Million Tons per year of high quality Met Coal. The coal plant is rated for this level of production.
Between now and then Clines stock will be jumping up and down like a jack hammer.
The truth is no one knows exactly what the stock price will do over the next 3 months; however the probability is extremely high that it will be substantially higher then today’s price.
I suspect we will see a financing above $2 per share if we go into production.
I believe Pinetree and Cline management want to sell out and that is the game plan in hand.
Cline has metamorphosed into a trading stock. That is the next stage of making money in Cline.
We will get news soon that will push the stock higher, closing New Elk deal, possible new iron project and drilling Clines existing Iron project.
I am a value investor and I play the value curve.
At times like this I wish I was an expert trader, lots of money to be made in Cline.
Cline is still very under valued.