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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Comment by eazy4lifeon Feb 11, 2013 9:09pm
273 Views
Post# 20972016

RE: CLINE @ .50 CENTS PER SHARE

RE: CLINE @ .50 CENTS PER SHARE

Cline looks attractive? I beg to differ, sorry but its going down to .2 cents. I pointed this out when it was $1.60. 1. There is no economical transportation in place. Load the coal into dump trucks, drive 23 miles, load into rail cars, haul to the port, off-load into ships, through the panama canal onto asia. Sound like a winner? 2. Just because they "discovered" another 400 million tons of coal in the mouintain everyone thinks they won the lottery. This is an underground mine with all the problems that come with mining in a tunnel. 3. They have been trying to unload there pile of coal for months. Why do you think there are no takers? It is a poorer grade of met. coal. TCK just announced they are getting $159/ton for the long term contracts they have. It is a higher grade that the steel mills want. Coal is in a downward spiral and the buyers are trying to keep it that way. CMK is in debt up to its silos. Tell me where is the value? They can change the board of directors every day, what difference does it make? Sorry, It just doesn't make sense. 

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