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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Comment by ark88on Jul 12, 2012 12:28pm
240 Views
Post# 20107163

RE: RE: RE: RE: RE: re something changing

RE: RE: RE: RE: RE: re something changing

Gunss; I'm on the same page. The only issue now is the danger of insolvency. In it's present state, Cline can not last more than 6 months at best so the danger of insolvency is real and present. Unloading the 70k inventory will help to prolong the life of the company. Lets not forget that the inventory has been expensed for already so selling it at very high discount would certainly help to inject much needed cash. Unfortunately, even with the sale of the inventory, the dangers of insolvency will still linger heavily over Cline. Cline is in a very very tough sitiuation here. I said a few weeks ago here that management needed to hit that strategic review button. Well here we are. Managing a company in financial crisis with a deterioration macro picture requires unique talent. Does Bates have what it takes?

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