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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Post by pastafagolion Apr 11, 2012 3:34pm
266 Views
Post# 19782108

Congratulations CMK

Congratulations CMK

This is the 6th straight day of deCLINEs for CMK.  Tomorrow will be #7 and Friday #8.

With respect to the posting about book value, enterprise value, etc

If they can't mine the coal which by now is obvious they can't the valuation basis is one of liquidation value not one based upon going concern:

the value is

equipment (mabe 50 cents on the dollar)

all the capatalized mine costs - ZERO

property - ZERO

Miner666 is right - sell before the heavy lifting and lying begins next time.  Wish I did.

 

 

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