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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Comment by bond46on Mar 20, 2014 12:15am
323 Views
Post# 22344494

RE:RE:RE:RE:need word from our CIO

RE:RE:RE:RE:need word from our CIOCIO welcome back on board. It's not surprising that they are selling off assets in order to keep the mine open. What screw this mine up was the overextended capital investment by the idiots in charge Bates and his cronies on the Board Senators et al. Possessed my their megalomania, Bates and his gang, went into a spending spree as if they had the cat in the bag. Now, the new masters, Marret and their vassals on the board are de-investing on capital projects and selling off asset to keep the lights on, pay wages and so forth. Giving ground, selling assets, that is to gain time just in case they sell the company or sign a sale contract get it going again and sell it. Because I don't think Marret wants to be in the coal making business. And since they stopped financing CMK, the money has to come from somewhere, and where else than the selling of the assets; but by doing that Marret don't get their money back because the money is likely being used as operating capital to keep the mine open. So some pending developments must be in the works in order Marret to reclaim their money all or part of it. We'll see soon I suppose
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