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Bullboard - Stock Discussion Forum Cline Mining Corporation T.CMK

TSX:CMK - Post Discussion

Cline Mining Corporation > Sales Contract
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Post by mr1derful on Jun 07, 2012 12:50pm

Sales Contract

I'd like to see Cline announce that they have sold a shipment of coal along with the price that they received. I want to know how their coal will be priced in the market place. When Cline announces the eventual first sale of coal I wouldn't be surprised in the least bit if they make up a lame excuse for not disclosing the sales price.They could use an excuse like they can't disclose the price for competitive reasons.
Comment by recy123 on Jun 07, 2012 3:01pm
 
Comment by recy123 on Jun 07, 2012 3:02pm
By Either Not - Trueme| June 07, 2012 1:42 PM EST Toronto-based junior miner Clime Mining Corp. on Thursday announced it had secured a 234,000-tonne worth met coal sales contracts for delivery starting August 2012. The company said the coal will be sourced from its New Acke Coal mine at an average sales price of $138 a tonne. Related Articles - The above news release is not really true. However ...more  
Comment by aatwal on Jun 08, 2012 10:54am
Are not the 10 days up today as stated by Casey for the first ever sales contract and shipment???   One would think just to get some creditability back in the management of CMK they would have announced this news sooner than later.....it seems all the talk of changing and doing things better.....needing one more chance to prove to the shareholders that they have turned the corner was just hot ...more  
Comment by Hourglass11 on Jun 08, 2012 11:35am
I totally agree with aatwal on this one. CMK management really needs to step up and deliver here or we will see this share price drop like a lead balloon again!!   Hourglass11 
Comment by mr1derful on Jun 08, 2012 12:41pm
You can't put an exact time line on securing a sales contract. These things take time just like it takes time to meet 3 million in annual production. Gotta run. Gotta get on the 401 and head up to the cottage.  
Comment by notwrong on Jun 12, 2012 4:11pm
This post has been removed in accordance with Community Policy