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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Comment by bulkbeefon Dec 18, 2012 7:23pm
329 Views
Post# 20748020

RE: RE: RE: RE: RE: RE: Good asset value and equit

RE: RE: RE: RE: RE: RE: Good asset value and equit

In my opinion the company doesn't have even close to the amount of cash they need to fund mining operations.  When you don't have cashflow, and fund your operations with debt, and that debt comes with interest payments, you better be darn sure you can make the interest payments.  in my opinion, the bond holders will get the assets and the shareholders will be left with a penny or two when this disaster unfolds.   Far far far too risky to be gambling here.   This missed payment is huge.   Perhaps it would be worth a gamble if they were close to production or had a large amount of cash flow still available, but they are buring more and more cash that I don't see this ending very nicely for shareholders.   Just my opinion. 

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