Cline Mining Corporation T.CMK

Jennings cut forecast to $4 from $5.50

[pastafagoli]

From globe

Despite near-term worries about the demand for metallurgical coal, Jennings Capital Inc. analyst Russell Stanley believes Cline Mining Corp. (CMK-T) “is substantially undervalued at current levels.” While tempering his price outlook on the stock, he is encouraged by the company reiterating its production guidance for fiscal 2011 and 2012 and rates it as a “speculative buy.”

Upside: Mr. Stanley cut his 12-month price target by $1.50 to $4.

[straightbull]

Jennings reduced their price target due to anticipated lower coke prices used in their evaluation model. $4 seems low if the company meets it's production target.Jennings (as other ANALysts) have been continuously wrong in their assessments of CMK.Pastafagoli....this is for you.Analyst at work                 

[pastafagoli]

Nice Picture !!Cut also due to dilution and slightly lower productionJennings mentioned the stock option grant and bothered to highlight the fact that the options were granted below the closing mkt price of that day.  A big NO NO - options should never be granted in the money - always on the closing price on the day of grant.Nothing new from the quarterly release other than the options

[Eigen337]

This post has been removed in accordance with Community Policy

[desperado76]

Holy Cow! There are people here that actually are starting to think this is one greasy operation! I was under the impression that maybe I was being naiive and this is just how it is done in the big business world. When is the earliest we can find out how quickly the management dumped these shares into the market? I bet sooner than later. No matter what happens here, there seems to be a few

[cooper90]

I agree this is bullshI%)%)%, everything you said, it's not right but I for one refuse to sell under water and will hold never the less for now. I also agree with North....when the stock price heads North...when.....if everyone can please keep an eye out for insider sales on their option grants.....it's time to take some off the table......