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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Post by bond46on Apr 11, 2013 1:53pm
278 Views
Post# 21242774

There is still hope

There is still hope

The Marret Plan is the solution of last resort in a bad situation. But if the met coal market turns around and Cline gets going the value of the stock will go up. In the meantime we don't have to exercise the Rights right now, we have three years to see how the company is doing and if it does well we can exercise the Rights and buy more shares; and if all current shareholders buy for every share they own 8 shares at 2cent, the bond holders get all their money back but still own the 55% of the stock while the non Marret shareholders will likely own the rest. At that time if the company has become profitable and has money in the kitty, it might buy back most of the shares and reduce the float down to manageable proportions. So not to lose the initial invetment because of dilution, we must exercise the Rights the Cline will be handing out. In other words, we can wait and see how the company will be doing, and then we can exercise the Rights if it is doing well. If not, let go and claim tax losses. Myself, I would wait to see how this saga unfolds. First I want to see Bate's head on the choping block, then McKnight's, spare Stone, the rest send them packing. Put Haywood in charnge along with Stone and Tobin, and then wait for sale contracts. We'll see how the story unfolds, but my sense is along these lines.

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