Cline Mining Corporation T.CMK

On a day like this...

[rimm=palm]

where the NA markets see triple digit losses and the coal sector gets hit, Cline's price action was impressive, gaining back all losses on 5.6 million shares.

No one is talking about Australian floods except their fianace minister, however, they appear to be worse 2011.

https://www.huffingtonpost.com/2012/02/03/australia-flooding-coal-mines-queensland_n_1251857.html

Coupled with NA mines shutting in production to drive up prices could be signalling the botton in this sector.

[oxinos]

If the flooding in Queensland Australia gets worse, as weather forcasts are hinting, it may change the dimmensions of the met coal market. Who knows, maybe it will help CMK secure some contracts on account of Australia's production problems.