RE: Mac Buys IN... Well folks, it has been a disappointing ride on CMK along with the overall coal markets. I got out around the $1.50 ish range at a loss on my remaining position; but have not lost sight of CMK.
I took bottom fishing positions (all sold at a loss) at $0.90 and $.60 markers in months passed. But, haven't lost sight of CMK. Over the years, CMK has been my best returning investment, as I invested big in the $0.20 range years ago during the last coal price crisis. CMK went on to about $5.00
Gave a chunk back.. but recently took down a position in the $0.25 range. Sizeable.
Something is up. Financing? Contract ? Sold Coal pile ? Takeover talks ? When HLB was on the ropes, it got bought out very cheap for the assets and reserves. Have heard CMK asset worth at least 1.00 per share on these boards.... who knows. If a major was buyin reserves for the coal in the ground, now is the time to buy up coal reserves if one has hard cash reserves.
SD