Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Comment by ark88on Oct 26, 2011 11:26am
270 Views
Post# 19182681

RE: RE: RE: Standby commitment

RE: RE: RE: Standby commitmentSHP; I guess peoples different take on the same thing is what makes a market and life in general interesting. I for one agree with management's strategy to have a standby commitment. We are truly in uncharted waters in this economic environment and anything and everything can happen. Why would you want to risk possibly losing the prize over short term share price appreciation, particularly when it is so close. In the end, the price to buyout Cline will be determined by the market at that time. For me, the one positive to take away from the Stand by Commitment is that the lenders clearly see upside in the share price. Just compare the two upsides of the deal, the 10% interest over 2 year term or the 10 mil. max shares if the warrants are exercised. If the share price gets to even $3-4 range, you can see where they see the big profit is going to come from.
<< Previous
Bullboard Posts
Next >>