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Northstar Signs MOU to Mine High Grade Zone 2 at Cam Copper Mine (click to learn more)
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Bullboard - Stock Discussion Forum Cline Mining Corporation T.CMK

Metals & Mining Industrial Metals & Minerals

TSX:CMK - Post Discussion

Cline Mining Corporation > Average Down
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Post by pastafagoli on Aug 25, 2011 8:47pm

Average Down


Are any believers out there averaging down?  Averaging down can be dangerous as picking a bottom is very difficult.  At one time this stock in the low 3s seemed like a steal (actually is was a steal for the seller at that price).

The company is still saying a run rate of 3M tonnes by the end of Q1/2012 which i beleive is Feb 2012.

Many commodity analysts are projecting ongoing strong demand for met coal.



Comment by thunderboy05 on Aug 25, 2011 9:16pm
In this crazy market, not me. Bank of Nova Scotia only gives this stock a rating of $2.85 over the next 1-2 years!!!! With caution warranted. this means I have to wait at least a year to break even!!!Don't think I will average down in this market. There just doesn't seem to be enough info (hard facts) available.GCE isnt even at 3 million tons a year and they are fully staffed and have ...more  
Comment by pastafagoli on Aug 26, 2011 8:44am
Ok thanksWhere can I get a copy of the BNS report?
Cline Mining Corporation
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