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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Comment by bond46on Feb 11, 2013 9:06pm
186 Views
Post# 20972003

RE: RE: CLINE STILL HAS TIME!!

RE: RE: CLINE STILL HAS TIME!!

You're right, the CMK stock, though it may be on the ropes, it still has some bargaining power with the Marret Plan, for it can still go into production even if its equity is diluted. And if it goes into production and someone wants to buy it, he will have to pay at least book value. And if a serious buyer is interested, he may not pay the stock in cash but with shares, save the debt to Marret which has to be paid in cash. The other thing is that CMK capex is not over yet. The railway line is something that has to be finished and whoever buys this outfit must restore the rails. The ROI will come sooner or later if the market conditions improve and CMK is ready to go. The interim from now to the 3rd calendar quarter, can be a time for improvements and upgrades of the resource, and that is the rationale of Bates and co when they went into a spending spree on capex and run this company agrround. There are a lot of scenarios one can spec on, but the value of the stock is definitely over one $.

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