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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Post by bond46on Jun 13, 2013 11:06am
229 Views
Post# 21520107

look at the AGM

look at the AGM

The new management most likely will make major announcements at the AGM. At this point I gather they are taking stock and see if they can get a breaktrhough to these dismal market conditions for met coal. Moreover, they have to come up with a plan for future financing. The money from the coal, if they sold it, is not enough to sustain the mine even on care and maintenance. Though it's a posititve that did away with the Rights plan and avoided dilution, we still don't know how they plan to secure financing. But I presume, when they decided to do away with the Rights offering, they must have had a plan B and I have every reason to believe Mark Haywood because he is a experienced and prudent operator. So, I would advise patience at this point.

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