Post by
courtney10 on Jul 15, 2011 2:07pm
Mgmt Feedback
I have left a few messages for K Bates and E Cleave to call me. No luck. The last time Cleave returned my call, was when I threatened to file a complaint against CMK to the Ontario Securities Commission. While I have my doubts as to the competency and integrity of mgmt. I feel that we will see an increase in share price eventually.
Fundamental positives
1- latest technical report shows tonnage and quality of coal, even RBC analyst states that CMK price should be 25% from premium price. This is what GCE gets as well. We might not have top rated coal, but it is still good enough for the steel mills In today's environment, price would be $235 tonne. Even at a $50 margin- still would cash flow $150 million per year.
2- TK Mining website, hiring workers for September.
3- Port of Christie lease, trucking permits, all in place.
4- Money in the bank,, no debt. Railway will be put on hold until mine is up and running with sales. Thats another $20 million in cash.
I just do not understand the lack of communication from the company, and thus the falling shareprice. Hopefully we get the latest MD & A shortly. It was released on July 15th of last year.
Comment by
scobie on Jul 15, 2011 2:26pm
thanks Courtney. I just don't want to see any NR release after close today. Friday NR's are almost never good news.