Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Post by bond46on Apr 08, 2013 4:11pm
318 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.

<< Previous
Bullboard Posts
Next >>