Wow great release yesterday....."Cline’s New Elk coalmine has recently commenced mine production of high-vol metallurgical coal with production slated to reach a rate of 3 million tons per year by the end of 2011. Overall production in 2011 is anticipated to reach approximately 1 million tons of coal and will ramp up exponentially throughout the year, with 80% of the annual production scheduled to take place in the last 6 months of the year. "Wow this is great news, only goes to reassure investors that the company is doing as it stated all along. 200 million tons in the first 6 months, 800 tons in the last 6 months at a rate of 250 tons per month by the end of teh year.
Doesn't get any clearer than that, and now with a mode of transportation to get the coal to market. WOW.
And I have been thinking about the insider selling that went on after and before the New Year and I found out that these guys have no yearly salary and as a result use shares and options to supply them with one. Of course they would wait until after the New Year so they don't have to pay income taxes for a whole year on the shares they sell, same thing anyone of us would do.
regardless of what soemother idiots have been posting here over the past 3-4 day, kkep that in mind, all of a sudden this guy has the time, energy and focus to slend hours telling us what is going on. Nothing before 3-4 days ago, that alone should reassure everyone, what his motives are, I put him on ignore this morning and recomend everyone else does as well. At first I thought it may be worth the reading but after the weekend, it is just a waste of time.
I do not make predictions as to share prices in any given day, I am not an expert, but today should be a good day.
Antways good luck to all,
golfpro2