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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Post by AT1234on Aug 30, 2012 6:03pm
423 Views
Post# 20281859

Cline mentioned in Streetwise Energy report

Cline mentioned in Streetwise Energy report

FWIW:

https://www.theenergyreport.com/pub/na/14243?utm_source=delivra&utm_medium=email&utm_campaign=streetwise-reports%2008/30/2012%2017:30:11

Another one we follow is Cline Mining Corp. (CMK:TSX), a Toronto-based company with a significant met coal operation in Colorado that was about to start production within the last month. The decline in the price of met coal caused the company to postpone start-up and lay off people for 60 days. As a new producer, it could have been difficult to sell any of its coal. I think management did the wise thing by waiting to see if the market will come back in the fall and not build up too much inventory in a weak market.

Of course, this disappointed the market and it hit the stock price fairly hard. Cline has very good-quality coal with significant reserves and could be a pretty significant producer within the next two to three years, selling some in the U.S. and shipping some through Texas all the way over to China. With the expansion of the Panama Canal in 2014, bigger ships can go to China and a company like Cline would probably sell most of its coal abroad in the future.

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