Cline Mining Corporation T.CMK

2nd traunch

[pastafagoli]

I am bothered by the fact they provided notice on the 2nd $25M.  They were both independent of eachother.  It seems the 2.75 offering which was not supposed to happen was not enough and now another 50M.

Looks like they are working to ramp up in the "near term" - come on - there has been no production in Jan or Feb

With 200-300 people picking thier noses at the mine this money will not last long.

 

Nice news - more debt no production no sales - here comes $1.50

[miner8740]

25 million should cover the labour costs for the next 10 months working capital consumption is 5 million per month 50 million will not even bring the mine to 3 million target rate do they have MARKET for this coal when all other mines in US are closing to conserve cash and or down sizing

[miner8740]

what happen to money they got from xstrata something not lining up or have deep pockets

[miner666]

Maybe they spent the cash on those ficticiuos pumps for all that water that may be incumbering their production targets that may cause them to do another share offering at maybe, what do say this time whiner, .85?