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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Post by kensinon Apr 18, 2012 11:58am
374 Views
Post# 19807753

Some reasons

Some reasons

Dow Jones U.S. Coal Index 207.63 down from 512.00 tells a big story about demand.

It doesn't help that Natural Gas is at $1.96

Europe is about to go in to it's second round of defaults, bond buy backs, debt forgiveness , austerity measures , market slow downs, Euro depreciation, Greece spin out, Ireland bankruptcy etc.

U.S. is still piling up debt, Iran and N.Korea are making the world uneasy and Iran alone could send fuel prices up 30% Cost of mining climbing quickly, staffing of mines is a big issue, no people to work.

Investment world has become totally risk adverse so credit is only given on a cash on hand with profitable production numbers

China is technically bankrupt and needs 7% growth to keep their heads above water yet the whole world is counting on them to carry the load until the rest of the world that has for the last 20 years financially destroyed themselves attempts to recover.

Political systems worldwide are broken as all the major governments are fragmented by special interest groups and no policy of recovery can be enabled as no decisions will be forthcoming.

Regardless at how inept Cline management is, they have high quality product in spades but they are against current market head winds that are just too much.

Witness the advent of the Graphite bull run. How long did it last? Not even 6 months . With the whole consumer market going that way and trillions on the sidelines looking to invest what's with that?

Check out Samsung's commercials on U Tube for transparent flexible screens. It should be the next I-Pod so what's the deal . (Graphite required to produce flexibility among other attributes) The market is on shut down even for the greatest and bravest technology.

https://www.dailymail.co.uk/sciencetech/article-2070741/Samsungs-transparent-flexible--screens-3D-real-looks-like-it.html

JMO

P.S. The charts are still saying $.875 as the bottom but maybe .92c was it. lets hope.

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