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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Comment by pastafagolion Jun 17, 2013 12:01pm
188 Views
Post# 21532764

RE: RE: Where did my money go?

RE: RE: Where did my money go?

If you are referring to the 70,000 tonnes Marret was securing it as collateral and probably shipping it to a secure locate or to a buyer.  Shareholder's do not own it anymore.  When you default on secured debt, the assets you pledge as collateral are taken by the lender.  I still do not understand why they did not stop sooner and conserve cash.  The CFO should have been yelling to shut down the mine well before they had only a few million left. 

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