My View of ClineListen, my views have not changed, I believe Cline is a good long term investment. It will give you a far greater rate of return then you will ever get in the bank.
As I have said before, insiders have not sold the majority of their stock.
The following shows insiders invested substantial sums of money into Cline.
| Pinetree | Share Price | Shares | Value $ |
| Jul 16/08 | 1.160 | 150,000 | 174,000 |
| Jul 09/08 | 1.652 | 100,000 | 165,200 |
| Jun 30/08 | 2.270 | 350,000 | 794,500 |
| Jun 27/08 | 1.865 | 250,000 | 466,250 |
| Jun 19/08 | 2.495 | 250,000 | 623,750 |
| Jun 13/08 | 2.360 | 160,700 | 379,252 |
| Jun 12/08 | 2.170 | 400,000 | 868,000 |
| Jun 11/08 | 2.060 | 89,300 | 183,958 |
| Jun 10/08 | 1.850 | 100,000 | 185,000 |
| Jun 02/08 | 1.710 | 500,000 | 855,000 |
| May 20/08 | 1.240 | 500,000 | 620,000 |
| Total Pinetree | 1.865 | 2,850,000 | 5,314,910 |
Pursuant to a share purchase agreement dated June 13, 2008, between Mitsui and ThyssenKrupp, Mitsui agreed to purchase from Thyssen a total of 8.9 million common shares at a price of $1.41 per common share. For a total investment of $12.5 Mil.
Further, Mitsui issued a $19 million convertible loan at 6% to Cline.
Therefore all the insiders invested $37 Million.
I clearly identified that Cline was a great investment when it was 20 cents.
I am a long term, value investor, I identify shares that are greatly undervalued.
The reason I am not posting on this board is because I am doing investment research on other companies.
Cline is a great long term investment.
My boots are full of Cline and I have no intention of selling.
If you are like me and are looking for another good investment, I suggest you look at High Desert Gold HDG, it trades at 14 cents, but it has $11.5 million in the bank, tjhis is equal to 28 cents cash in the bank for every share outstanding. Now that is value investing , you buy $1 of cash for 50 cents.
However I would not sell Cline to buy HDG, as Cline could run and double any day. Cline is one of my best investments