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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Post by bond46on Apr 08, 2013 4:11pm
324 Views
Post# 21227398

Will Marret get stuck with CMK

Will Marret get stuck with CMK

In case Portpool Investment backs out ot the deal, what is next? Marret steps in and becomes the new owner of Cline. The question now is will Marret get in the met coal business or will sell the company for a song and get its money and go? The Marret Plan allows for a 3-yeas period of care and maintenance and also allows for providing financing in case Cline signs sales contracts and starts up production. If that is so, we can expect changes in Cline management and the takeover by the Marret people. Hence the dual role Haywood and Tobin were brought in to play, as negotiators and also as future CEO and Chairman respectively. Whatever will be will be, at this point one becomes cynical and hopes not to see or hear of the Bates entourage ever in the future. What I am afraid of is since Portpool Investments lack the know how in running a mine, they will have to rely on Haywood and Tobin and they may not keep on Bates. And this may be a drawback and force them to back out of the deal. hope  I am wrong again.

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