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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Comment by bond46on Jul 11, 2013 9:43am
133 Views
Post# 21601089

RE:where does cline share holders stand now

RE:where does cline share holders stand nowThe shareholders right now are in a good condition the shares outstanding are only 210million and the debt is about 75million dollars; there is no dilution and that is the good thing from the last financing. The $10million secured from Marret will allow the company to carry through for about a year until some developments happen. And given that Cline has no revenues, there have to be other plans in the pipeline or Marret would not buy $10 million worth of bonds. This is a question that has to be asked at the AGM: how is Cline, since has no revenues, going to pay the debt ? Besides, if Cline goes into production, how is it going to finance the operations? They are going to need at least $30 million for start up. This my rough estimate. These are some of the questions for AGM.
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