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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Post by wallee1977on May 14, 2012 6:11pm
386 Views
Post# 19907940

news is a sign

news is a sign

In my opinion, for Cline to release this kind of press release makes no sense.  They have no contracts and no stated production.  Given that Bates and team sense the mad preassure from the shareholders and such,  my opinion is that Bates knows the writing on the wall that he is done or he is giving up.  Therefore, releasing this kind of news is to generate attraction for other companies to buy them out.  This way they can propose to another company that there is a lot of assets in the ground and the company is in NEAR production.  Unfortunately, we will never see CMK at $5 again even with a buy out.  At most I can see at $3-$4 buy out given todays share price.

 

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