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Bullboard - Stock Discussion Forum Cline Mining Corporation T.CMK

TSX:CMK - Post Discussion

Cline Mining Corporation > There is value at these pricing...
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Post by cooper90 on Apr 13, 2012 10:56am

There is value at these pricing...

IMO.....with 50 million in unused line of credit, 53 million in the bank as per the last NR, 200 million in already purchased equipment.....a big resource mine......

IMO at a $1 buck a share......200 million total this is pretty cheap, almost less than what they orginally paid for the mine 4 x years ago.

Crazy.........

Comment by seanj1 on Apr 13, 2012 11:04am
Yes, it is crazy... Big holder is obviously selling their position and until they are done Sp will be languishing around here.. CIBC has been working over time selling today, to itself mostly.. Is this a case of manipulate the SP lower then come up with a buyout offer? We shall see. Remember management options at 1.50$ are worthless now, so it is in their best interest toget the sp moving back up ...more  
Comment by courtney10 on Apr 13, 2012 11:04am
Hey Coop, buddy, you have got to get your facts straight, before you post again. Cline has already used $25million of the line of credit, and without a doubt, do not have $53 million in the bank today.  This dollar represented what they had in bank at time of fiscal year end, they obviously spend money each day without revenue coming in. We will know soon what the reason for the high volume ...more  
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