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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Comment by bond46on Oct 12, 2012 11:31am
317 Views
Post# 20477694

RE: 2M Volume yesterday

RE: 2M Volume yesterday

The most likelyhood is because all major coal companies moved to the upside while CMK was not going anywhere. So money shifts where there is profit to be made. Today, that coal companies are backing off, CMK looks atractive so you see some movement to the upside. Also, bear in mind that as a  small stock will move last, after the big boys have moved substantially. This seems to be the rule with all small stocks regardless the sector. What you need to do if you think that the problem with CMK is not with the company in terms of coal quaity or financing, but with the market,  is to accumulate stock since the stock is at rock bottom, almost. Yet again expect this money to be dead money for some time and even there may be stock dilution if the market turns around and they need to restart production, save an offtake agreement or a joint venture. This is my uneducated guess and good luck.

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