Ask yourself, why Sell Now that the mine has started to produce high quality coking coal or black gold at $200 per ton. Someone is trying to grab your shares at dirt cheap price, watch out.
New Elk Coal Mine - Mine Management10:23AM ET on Monday Apr 02, 2012 by CNW Group
Cline Mining Corporation (TSX: CMK) ("Cline" or the "Company") is pleased to report that effective on May 1, 2012, New Elk's senior management shall take full management control of all mining operations at the New Elk coal mine in Trinidad, Colorado. It is anticipated there will be no changes with respect to the status or security of our valued miners and mine staff, all of whom are expected to remain and continue in place on the New Elk team with no changes in their personal employment terms or arrangements.