Refreshing !I just finished watching the updated video presentation on the Cline Mining website
www.clinemining.com
It was very refreshing and brought back to me all the reasons i believe this will be a great investment long term
Well worth a watch.
Ken Bates telling me that they will "mine 2.75 million tons in 2012" and "3 million a year after that", plus the fact that they are looking at ways to "increase that production significantly over time" gives me great confidence.
My take on the latest trading is that someone is taking advantage of the economic turmoil and tax loss season to accumulate this stock. Who knows who that could be, institutions, somebody with a view to an acquisition...?
I have some Cline in my kids RESP's for the long term and have been trading it successfully for a little while now. Bought in during the last downturn between $1.10 - 1.30 then sold around $2. Just bought back in today at $1.32 hoping they will give us a nice pre Christmas news release like they did last year.
Look at the charts to see what effect that had !
Do your own due diligence, i did mine and am happy with what i see.