90 million owned by mutaul/institutions, WOWEveryone should know that there is always a major correction in May and then 2 or 3 months on choppy water and then up the market goes and so on and so on .
So you either get out in early April or just put up with this volatile cyclical market. I, personally, hate to be out just in case of a take over bid, which, if you are looking to buy a company, is a good time. I would rather take the 30% short term loss, though it is painful, then miss out on a 100 or 200 or 300% buyout gain. This is just about as juicy as a take over stock can get. UP AND PRODUCING WITH PLENTY OF UPSIDE FOR PRODUCTION, PORT SECURED,SHORT TERM TRANSPORTATION IN PLACE AND LONG TERM SHIPPING READY SHORTLY AND MOST IMPORTANT NO DEBT.IF YOU ARE A MAJOR COAL COMPANY YOU ALREADY HAVE CUSTOMERS SO THAT IS NOT IMPORTANT AT THIS POINT BUT I BET MY FUTURE FINANCIAL SECURITY THAT THAT IS ALREADY ACCOMPLISHED BY CMK.
Just remember someone is buying those shares and it looks like it is the Big Boys as usual, they will make you pay dear to get them back, you may have noticed we have been trading pretty flat with good volume for several months now, guess who has been buying. AT the AGM the insti and mutual were at 48% now seem to be at about 53%. That is about 8.5 mil shares, huum, does some one know more than us......JMHO