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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Comment by desperado76on Oct 11, 2011 6:58pm
257 Views
Post# 19138937

RE: Hickenlooper tours Trinidad coal mine

RE: Hickenlooper tours Trinidad coal mine The mine manager mentions in the article selling 10000 tons last month. Isnt this like a carload or two? Should we be happy with this or can we finally agree this is pathetic! What happened to that old revised guidance of 350,000tons? Over a full year this is probably a nickel a share. They are also about 10% complete in the completion of the mine. 10% complete? Thats it?There may be alot of cash in the till here but I am still not convinced they will execute this thing on time. Between the sale of the property, the 50Million in Secured notes they arranged, and now a promo tour starring the govenor, I now understand why this has been climbing. Once the excitement dies down, we will be sliding down back towards a dollar. Financials will confirm how much cash they are burning, and I suspect it is heavy. A few more days.Still a good property, still a lucrative commodity, still not convinced this management will deliver. Desperado 76
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