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Bullboard - Stock Discussion Forum Cline Mining Corporation T.CMK

TSX:CMK - Post Discussion

Cline Mining Corporation > Hope you sold...
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Post by mr1derful on Jul 05, 2012 2:07pm

Hope you sold...

A couple of days ago I mentioned how I thought it was sleazy that Cline issued a news release when US markets were closed for a holiday. I also said you had a window to sell your stock before US investors came back. In fact, the stock even hit as high as $.83 giving everyone the perfect opportunity to sell.

Bond, I agree with you that as outsiders we will never know the inner workings of the company and what is really going on. However, I don't agree with you when you said CMK does not have a lot of debt. $50 million of debt is a lot when you have no revenues and the debt is due in early 2014.

If you think things are bad with the stock price now imagine how much worse things could get if CMK has to issue equity at a huge discount.

Comment by whitehorntiger on Jul 05, 2012 2:35pm
I agree with mr1derful. I have been placing concern on sales from the begining of the year. CMK initiated first commercial coal delivery in Aug 2011, and has shipped 1 train load to port in April 2012. what the hell they couldn't sell anything to date. They don't have to pay storage? debt interest? just lowering price and get some cash flow, and convince the market the quality of the coal, ...more  
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