Cline Mining Corporation T.CMK

Cline hires PR Professional!!!

[stockhousepundit]

Good news on an a bad day.

Jennifer Bates has been replaced by Nadine Williams.

Nadine was very nice to speak with but did not have all of the information I requested as she just started Monday.

Blue seam permits in place, 4 of the 8 mine plans have approval, obviously awaiting approval within the next few weeks.

218 workers on-site.

Six C-Miners to be producing by November and an additional two by year end.

Could not / would not comment on sales contracts.  Asked if by not commenting that meant they had contracts but could not speak of them, she just laughed knowingly.

Could not / would not comment on specific production numbers, however, she did say that they were on target to meet the year end projections.

Nadine also alluded to some form of information coming within the next two weeks.  I specifically asked if it was a NR and she avoided the question with the skill of a politician.

Give her a call 416-504-7600

[cooper90]

Thanks for the update stockhousepundi...That is funny...I called Jennifer and left a message yesterday and she never called me back, now I know why. Or maybe she could have called back anyways and told me about the change. Question - How do you know Nadine is a Professional and not just another person at Cline Mining taking over the position? Just wondering? Again did she really say an annoucement

[barisian]

This is the best news I have heard all friggin' day (i.e. having a new P.R. person in place).As for the rest of the news disclosed to Stockhousepundit... time will tell whether Cline releases news and whether the news, if released, will deal with sales contracts. For now, people, let's take what we can get.  At least this gives us some hope.  (Can you sense the desperation here??

[stockhousepundit]

So what does this mean? And why now?Maybe this means nothing more than the fact that Jennifer was out of her league and this is as good a time as any to make changes.  Perhaps there is nothing more to it than just that.But then again, maybe it means that this position is going to get a lot more complicated and they need to have professionals trained in dealing with investors, large and small.

[ckstar83]

the news coming in the next two weeks is the MD&A  and the quarter end financial statments , they always have been coming out around october 15th,so i dont believe it is a news release, just the results,the good thing about the MD&A is that we will see the progress made (if any) as well as if their year end projections of 200k tonnes for 2011 and 2.75 tonnes for 2012 are STILL on

[cooper90]

Thanks ckstar83 Do you know if the MD&A provides updates on current on-hand cash balance? I believe this is something we all want to know - how much cash is on the balance sheet to get them through the next year....again so we get the uncertainty out of the way on another issue, or credit line addition......the hope is still lots and less then 5 million a month burn.Cheers

[stockhousepundit]

To Cooper,1. Nadine specifically said that PR is what she does for a living.2. An announcement is coming within the next couple of weeks.3. I am not qualified to offer you financial advise, however, if you are under water already, might it not be in your best interest to wait.  Even if she was just pacifying me with false information, the quarterly report is due on or about November 15th

[ark88]

Last year, the quarterly results were filed on November 5th.The so-called news could be one of two things. Specific sales contracts, mine update, most likely the completion of the Blue Seam 500ft. decline which is as projected. Wow, looks the GCE, trading well below the 52 wk. low. We seem to be hanging tough around the 1.20. But looks very precarious.

[ckstar83]

those were the ameneded ones, the originals were published on oct 15 2010....we wont see them on this date this year, cuz its a saturday but hopefully around there.we need updates/news or something in the MD&A that will show:1.---sales contracts2 ------production numbers and projections on target3 ----longwall study4 ------ cash position......enough money to use and if positive cash flow will

[straightbull]

The will say that they are on target for production  at the MD&A because most production will take place after the MD&A announcements. 

[ark88]

this is why this investment is still speculative.....even though its producing (granted not alot right now).............I guess that is also the reason why GCE is dropping like a stone, eh?

[cooper90]

Thanks stockhousepundi......with that said it is a real positive go forward for investor relations, which we all know has been lacking.....Cheers!

[ckstar83]

GCE is different from CMK.........they are producing significant more tonnage than CMK and have sales contracts already..........so its not in the same league.........all coal stocks are dropping WLT, GCE, CMK, etc regardless if they are producers, near term producers or explorers, b/c of fear of dropping steel demand.........thats what i believe.

[ark88]

GCE is different from CMK.........they are producing significant more tonnage than CMK and have sales contracts already..........so its not in the same league.........That's precisely my point.

[ckstar83]

i think we are on different pages ARK b/c im talking strickly about the company being speculative........i say stock b/c i own stock,,,,,,but im talking solely about the company still being quite speculative...........not even cline or gce can control the markets and their day to day gains or declines...........whats happening right now to me is based on fears of recession, europe, and all that

[Eigen337]

This post has been removed in accordance with Community Policy

[straightbull]

My Worth.CMK and GCE are different. GCE is an operating mine with production and sales (not-speculative) . CMK is still a speculative company working towards establishing an operating mine.CMK and GCE are the same in that both stocks have been beaten down in part because they have dissapointed investors by missing their production targets.

[cooper90]

Agreed Eigen337 If management has any INCH of credibility left they would certainly not be moving forward with the "Rail SPUR" at this time, as they can wait and ship for now by truck. Therefore, conserving the $20,000,000 million dollars (part of the $86,000,000) in the financing, to use if needed as a reserve - this would be on top of the remaining CASH still on the balance sheet

[Tinyhopes]

Cooper you are absolutely right about the rail line I personally do not think they are too worried about the rail line at this point and time as they are able to truck there coal to the rail head for a long time to come!As for production this mine is only in its start-up phase it takes time for companies to test the coal to what needs to be add or taken away for making their steel so give Cline