Cline Mining Corporation T.CMK

Frustrating

[ark88]

Can't seem to post anything on CMK. SH keeps picking up profanity in my writing! LOL

 

BTW. Cost per ton will be around $75 and sale price will be around $140.

[brundall]

This post has been removed in accordance with Community Policy

[cooper90]

Fact is looking at it from a day trading standpoint you make money on days like this as a short no doubt, you can make a pop when it's positive.....but the reason we are in this particular game and not all in TCK is the opportunity to see 3-4-5 bucks once things get going.......lure of the big POP! 58 million in the bank, 50 million CL = $108 million, 200 million in assets, plant, equipment

[cooper90]

This is the math I see if spending (including operating & captial expenditures are 175M) $140 x 1,700,000 tons = $238,000,000  Cash on-hand = $58,000,000 Credit Line = $50,000,000 Total = 238+58+50 = $346,000,000 Less $175,000,000 (346-175) = $171,000,000 gross profit      

[cooper90]

Sorry I meant $171M = gross profit + cash on-hand  

[brundall]

This post has been removed in accordance with Community Policy

[mark117]

You where right again Wolfy . One BS story after another .

[cooper90]

Yes Wolfy you were right again.......I am long with a core position and hope you were going to be wrong this time about management credibility but not this time....haha not anytime lately agreed!! That is why I keep an open mind to everyone's comments on this board, I took 10K in shares off the table yesterday as it was a nice one day pop, and 15K shares at $1.88, but held the

[cooper90]

What is the 175million...............????? These are the costs.............

[armac21]

Glad I got stopped out of this pig at 1.86.  Made more on NVS than I ever did on this.   GLTA that are left.

[brundall]

This post has been removed in accordance with Community Policy

[miner8740]

this is run of mine 1,7 million tonnes times recovery say 60 % at wash plant will be 1.2 million tonnes of clean coal at a cash cost of 180 per tonne

[ark88]

As I stated earlier, financing will be required to carry them to  fall of 2012. its the operating expanses in the next 4-6 months that will cause this, during a period in which revenues will be minimal. The 4-6 weeks delay is the killer here. its the possible financing that is the cause of the sell off today. the truth is always in the share price. From a retail investors point of view, it

[ark88]

Personally, I have always carried 150, but the 75 cost is a positive. This considering that they are using a contractor, which is always more expensive. Just go look at GCEs numbers when they were using Ledcor. Well north of 100 and consistently so.

[rumbanter]

it sold off because they are delaying  and reducing production forecast for the second time they will likely need to raise money coal is not as hot as it used to be lots of stories of production being shut in at other companies - yes thermal i know market has had a good run oil stocks are hot again many reason it got pounded i blew mine out and i could be wrong but ........  

[Caerus88]

rumbanter wrote: it sold off because they are delaying  and reducing production forecast for the second time. My counting might be wrong but I think this reduction in production forecast is the third time not the second:  January 20, 2011: Cline looks forward to working with Mr. Casey on the sale and marketing of metallurgical coal from its New Elk Coal Mine located in Las

[j0n3s]

Has production been cut ONLY for 2012?  If this is the case then so what???? Unforseen circumstances caused another delay.... so what -  what I care about is do they still plan on producing upwards of 3 million a year when in full production?  I'm patient ! The way I look at it - 2012 we could have produced 2.5 mt but because we are a couple months delayed the

[mfman]

From what I understand it's a delay, which means there is no fundamental changes to the mine. Plus they just got financing and issued warrants at $2.45. I don't think the big boys are stupid enough to hold 1.25M of junk paper. GLTA

[j0n3s]

mfman: My thoughts too.. so except from a lot of people pee'd off because it didn't happen NOW nothing has changed all that much - if, of course you go long. So what of 2012 is lower as long as once we get into production we can produce and sell 3 mt or close to it... That's what matters to me.

[pastafagoli]

Re - so what is production is delayed You are oversimplifying things - the so what is additional permanent dilution (extra shares) to finance these delays.  This directly lowers the share value of the company and your shares.  It would be a different story if cline had enough cash to ride out more delays but by their own admission they do not. Another so what is loss of mgmt credibility

[Tinyhopes]

brundall   That is all our cash we have access to. Look for another PP in the summer if we do not get a large sales contract before then or money from the BC government for our coal assets there.   Sorry the B.C. Government is BROKE!!!!!! I know I live there. tinyhopes

[brundall]

This post has been removed in accordance with Community Policy

[Tinyhopes]

I am long and under water! I would like to see cline get paid back as well but who knows when that will happen! Not in the next few years until we (B.C.) pay for the 2010 Olympics just found out the trucking of the snow is not paid for or the cleanup of all the new weeds that will grow from all the straw that was used to hold the trucked in SNOW.  And we the shareholders think that Cline has

[ytkim79]

We will hear from again Cline in less than 2 month time from now. Hopefully they held back some good news. TD cut their TP to $2 from $2.75 this morning with 'Hold'.. YT