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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Comment by pastafagolion Mar 01, 2012 8:34am
355 Views
Post# 19609529

RE: RE: RE: RE: RE: RE: RE: RE: Frustrating

RE: RE: RE: RE: RE: RE: RE: RE: Frustrating

Re - so what is production is delayed

You are oversimplifying things - the so what is additional permanent dilution (extra shares) to finance these delays.  This directly lowers the share value of the company and your shares.  It would be a different story if cline had enough cash to ride out more delays but by their own admission they do not.

Another so what is loss of mgmt credibility (again) and even worse customers who are watching are not going to go on a limb and commit into contracts with someone who cannot meet targets.  They will not be signing any contracts for a long time and will be forced to sell on the spot market at significantly reduced rates. 

This is the so what.

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