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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Comment by wjmon Jul 16, 2012 9:39am
337 Views
Post# 20116439

RE: RE: ONLY 60DAY LAY OFF

RE: RE: ONLY 60DAY LAY OFF

IF the sixty day layoff doesn't get extended there will be money to be made. You have to be very new around here if you take the estimates of Cline without a lump of salt. This time last year when it was at $2.00 you could have said easy money to be made because they would be producing 3 mmt per year by spring 2012. Never happened.

They are in a beggars situation and the buyers may know it and be grinding them. Just like the Canucks trying to unload Luongo, Cline is not in a great negotiating position.

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