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Bullboard - Stock Discussion Forum Cline Mining Corporation T.CMK

TSX:CMK - Post Discussion

Cline Mining Corporation > Coincidence?
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Post by ark88 on Jan 05, 2012 12:10pm

Coincidence?

Are we about to repeat what happened with CMK twice, back in 2008 and 2010. In 2007, hitting the lows in the
.18-0.20 range in December, then peaking around $2.50 in June of 2008. In 2009, hitting the lows in the
.40-0.50 range, then peaking around $2.50 again in April 2010. Just applying the 2008-2009 run to todays price (+/- 500%), we would get to around $7-7.50 range. That sounds like a decent buyout number to me. Just a coincidence?
Comment by j0n3s on Jan 05, 2012 1:08pm
I like your anaysis BUT throw in the Euro woes and the global impact that goes along with it and all of a sudden I turn really skeptical.   :-)
Comment by oilismoney1 on Jan 05, 2012 1:19pm
And we were also in the biggest bull market in half a century.  
Comment by ark88 on Jan 05, 2012 1:32pm
Your worries and skepticism is warranted, but it can be applied to pretty much all stocks. With Cline and with New Elk in particular, have you ever wondered why management is starting up a mine the way that they are doing. Think about it, it makes no business sense. They have an existing mine and seam that they can exploit and make money from, and yet they choose not to. Instead, they ...more  
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