cline will be flat or. going down Sorry folks,
The only way Clines share price will go up is if they get partnered up, bought out or financing. Unfortunately even selling the 70 000 tons of coal is not enough to move this share price up significantly. They don't have enough money to produce commerical rates of coal, they don't have the expertise to do so, and Mr. stone may have too much against him at this point of time to make this a big success. He doesnt have the working capital to proceed. With that all being said, I think Bates royally did too much screwing up with the mine that it might be too expensive to correct. All that being said, the only hope is for a buy out. With economics being not good in the coal industry, it will be hard pressed for any company to do a buy out, as they typically don't buy in a down market.
So once again, if you have the stomach to short, I'd say this is still a better gamble then buying.