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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Comment by mr1derfulon Apr 24, 2012 4:50pm
226 Views
Post# 19830840

RE: RE: RE: RE: RE: RE: RE: You will miss CMK by n

RE: RE: RE: RE: RE: RE: RE: You will miss CMK by n

I just pointed out Dennis' last sales. He exercised 300,000 options and he has sold 240,000 shares at prices ranging from $2,80-$4.00. He only holds 63,000 shares. Given that the stock is $.83 a share look for the management to mortgage up their houses and buy big. Ha ha ha ha. Also, Dennis isn't the only insider to have sold shares.

I'm sorry but no credible management team just sits there with their mouth's shut when the stock has dropped from $2.00 since the beginning of March. The problem is, in the past you could hype what the potential of Cline was going to be. However, at some point you have to be able to deliver what you promised. I think we have all realized that starting up a mine and getting to a run rate of 3 million tons is no easy challenge. There are macro issues to deal with that are beyond management's control. I'm sure the micro issues are probably more challenging than management thought. Again, I'm guessing here because management as not said anything pertinent. Maybe these guys won't be candid about operations because they know they need more money and it will most likely come from further diluting shareholders.

 

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