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Bullboard - Stock Discussion Forum Cline Mining Corporation T.CMK

TSX:CMK - Post Discussion

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Post by liscomorris on May 15, 2012 9:13am

results

coal is cheap, they aren't pushing through to sell resource at discounted prices IMO.  Fundamentals are the same.  Nobody expected them to  turn a massive profit this time around.  Stock price is discounted for this as is.  Its a long term growth investment. I'm sure many of you have been waiting a long time but its nto there yet.
Comment by ark88 on May 15, 2012 9:48am
Well, the cash burn rate and current position is pretty close to what I had speculated previously. It's no rocket science. They have to reduce operating costs, sell enough coal to last till Q4 of 2012, and bet that the metcoal market turns to the upside. A lot to count on especially on the shoulders of current management. Huge unknown.   The challenge for retail investors now is the same ...more  
Comment by frdly on May 15, 2012 10:05am
Doing the right thing. Cutting back costs + only need to sell 4 ships to stay afloat for the year.
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