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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Comment by whitehorntigeron May 16, 2012 3:10pm
312 Views
Post# 19917202

RE: RE: Support

RE: RE: Support

all of us deeply underwater have nightmares though. But I still believe it was due to the market and price conditions. asking a simple question, if the coal price is over $200, will CMK be today's SP? I think it's a correct decision not to produce too much coal at this time, why they have to produce and sell at loss? yes, there is a risk if coal price remains low while CMK is burning cash and may belly up, but this is risky game, Nortel is an example, nobody is immuned. at this time, CMK has to do everything possible to cut cost, once coal price going up, it will make a U turn. let's hope. 

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