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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Comment by maplakon Nov 27, 2011 5:42pm
206 Views
Post# 19270265

RE: No Debt and Clean Balance Sheet

RE: No Debt and Clean Balance SheetYou can BS yourself but not people on CMK board.$ 90 million in cash?.Well as fare as I know they sold some property to Xstrata for $ 40 million 3 months ago and got line of credit for $50 million.With burning rate of $13 million a month by the and of the year they are going to be done with those $40  million .After that they will use line of credit on which they will have to pay interest.Cmk is pure dog stock will go under $1 .Another financing coming next year,more share  dilution.Enjoy your shares.LOL
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