RE: Impressive Mine Site!!There are 2 concerns that I have right now. I have owned the stock since summer of 2008 and lots of it (170K shares).
1) i am concern that a slowdown in the global economy may crush commodoties. As i am sure some of you know, coal can easily drop 100 dollars if there is a feeling that the economy is slowing down. Stcoks like cline can easily be down 50%. I was hoping that they would be selling coal starting 2nd quarter as mentioned by Jennings and Cormark. Delaying output by 6 months may be really bad if the world economy is slowing down.
2) Their credibility is tarnished. If you go back several years in the mid 2000's (2004-2005) Cline had started a project I believe was coal as well. They had news releases of how well things were going and all of a sudden there was no communication from the company. They then came back months and did not even adress the reason thungs were not going nearly as planned. They never ended up mining the mine.
They need a serious injected of PR people to handle investor relations.
I am truly nervous now and not sure if I will be holding. Management is everything and if they start losing credibility with the ":BIG BOYS" THEN THE COMPANY IS TOAST.
jmho
jOHN