September for Good NewsIf you are trading Cline, I would widen your spread.
I have actually stopped trading and now just holding long.
I fully expect some very good news in September.
Cline is bidding on a new Iron project in Madagascar and we should get news on this.
Cline has been drilling its Iron project and this should be the topic of good news.
I think September is going to be a key date for some type of corporate transaction or financing.
I still believe Cline will be bought out.
However if Mitsui wants Cline to go into production, then Cline may sell its iron properties to finance New Elk start up. This maybe why Krupps sold Cline, in order to be removed from any conflict of interest in the final sale of its Iron project.
I suspect September will be a very telling month.