RE: RE: RE: RE: RE: Way To Go KEN (+1) !!! Easy there Kidman. As I mentioned before, Cline can have 1 Billion tons in the ground, but if they cant produce it at a profit, it aint worth a whole lot. The original 330 million tons of coal was more then enough for Cline to run a good business for years to come. Having said that, and extra 200 + million tons is nice news, however it aint enough to increase this share price to $2.75 where the TD boys did a share offering last year. And it aint enough to convince the market to overlook the poor performance cline has done. The share price rose to $5 based on hype that the company WAS going to produce 3MT a year. So unless cline proves that they can sell some coal at a profit quickly before the money runs out, then this stock will pop up only a little bit and for a short time...
We are not out of the woods yet, by any means.