wake up and stop blaming managementsure, the share price sucks! have management made some mistakes, of course.
this management team has done nothing but create equity. they did the deal of the century by buying the new elk mine for a song.
they had the vision over a decade ago(when most posters here hadn't even heard of coking coal, including myself) to see that investing in met coal was the future and they changed their MO from gold exploration to coal.
they got a mine fully permitted during one of the most excessive red tape periods in american business history.
they have managed to revamp the mine, put in place a solid mining plan that will reap huge rewards over the next couple of years and pay for all their equipment up front.
the company is debt free and has millions in the bank at a time when lots of companies are burdened with too much debt.
the reason the sp in down here has very little to do with the few mistakes that management has made and more to do with an erratic market.
lot's of resource majors such as teck are way down from their highs. patriot coal and alpha have halved in value this year.
the last 2 are top coal companies, with excellent management teams that have more than halved in value in the last 4 months, just like cline has.
so please stop blaming management because of crazy world economic conditions!