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Bullboard - Stock Discussion Forum
Cline Mining Corporation
T.CMK
Metals & Mining
Industrial Metals & Minerals
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TSX:CMK - Post Discussion
Cline Mining Corporation
> high volume something brewing
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•••
miner8740
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Post by
miner8740
on Jul 05, 2012 4:02pm
high volume something brewing
may not be good
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•••
aatwal
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Comment by
aatwal
on Jul 05, 2012 4:09pm
CMK may do a double bottom here of around 0.56 or so....may bounce off??? They need to release something about sales.....This is the biggest uncertainty out there for the markets can CMK sell the coal it is producing and at what price! Nothing announced in terms of any coal being shipped out at all...who the heck CMK going to have cash flow if no product going out and money coming in
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miner8740
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Comment by
miner8740
on Jul 05, 2012 4:15pm
the new ozzie management may turn it around in a couple of years but cash may be needed soon
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bond46
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Comment by
bond46
on Jul 05, 2012 4:29pm
China's sudden lowering of the interest rates has rattled the markets and the demand for commodities may not be there as many had hoped. So it may be that funds owning CMK are unwnding their positions. Case in point, the inability of CMK to sign any contracts with the Asian " entity" as per Casey. As I mentioned before on this board, China is not a full-fledged market economy and the
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