Cline Mining Corporation T.CMK

No Debt and Clean Balance Sheet

[EOIM]

Cline is one of the few players that I have started to accummulate. WHat I like so much about this play is their huge resource size (around 350 million ton) and very clean balance sheet with no debt and more than $90 million CASH.

CMK is a top buy now and I am buying.......

[maplak]

You can BS yourself but not people on CMK board.$ 90 million in cash?.Well as fare as I know they sold some property to Xstrata for $ 40 million 3 months ago and got line of credit for $50 million.With burning rate of $13 million a month by the and of the year they are going to be done with those $40  million .After that they will use line of credit on which they will have to pay interest.Cmk

[EOIM]

Maplak You are the one BSing. As at last quarter, they had more than $50 million cash. Add that to the proceed from the $40 million of asset sold and that would give you $90 million. CMK has no debt.................

[eisenkreuz]

Loading... Q2/11 May 31, 2011 Q1/11 Feb 28, 2011 Q4/10 Nov 30, 2010 Q3/10 Aug 31, 2010 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7.05 1.07 0.72 7.05 7.05 1.07 0.72 7.05 -7.05-1.07-0.72-7.05 0.00 0.00 0.54 0.40 0.00 0.00 0.02 0.01 -0.08 0.03 1.74 -0.07 0.00 0.00 0.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00