Cline Mining Corporation T.CMK

re something changing

[bond46]

Soimething is changing down at the funny farm of Ken Bates and Co. As far back as I remember, this is the first time there is a preannouncement of financial statements release date. May be the family grip on the farm is loosening up with David Stone at the helm. This is very encouraging. At least we'll have some transparency in the family farm of Bates and Associates; after so much bloodletting, at least we deserve some respect as investors who are paying his salary.

[ckstar83]

the deadline for earnings release is july 16th by OSC standards, this is not an annoucement,, dont know why they made a news release

[G4General]

to provide confidence to the market that other operations are going well....call a spade a spade the company is wayyyyyyy undervalued....the market cap is 70 million$ this thing can get taken out in a heart beat.  Bet the big boys have there eyes on CMK now with such a depressed price might as well make an offer.  When the big boys were looking to take it out when it was over a dollar

[bond46]

I trust the new COO, Mr. Stone will make every effort to ensure that the interests of the shareholders will be secured in due course. He seems to have made a tactical retreat to save the company, like a good general would with his troops, he has given  ground with all these lay offs etc. in order to gain time and that we  should acknowledge. That is the way to go, Mr Stone, and good

[GUNSS]

If by shutting operations the Company can convince investors that they have at least six months of liquidity, then the stock is worth the risk.  I bought some yesterday at about .37 and more today at about .30.  It would not take much institutional buying to get the stock up above .40 again.  Shorts will quickly lose interest in shorting CMK between .30 and 

[AT1234]

We should have a better idea about their liquidity on Monday. My guess is they have about 5-6 months left, assuming they did not blow any meaningful $$ on capital improvements. In a sense , CMK a 6 month option on the world economy not completely going to pieces.

[ark88]

Gunss; I'm on the same page. The only issue now is the danger of insolvency. In it's present state, Cline can not last more than 6 months at best so the danger of insolvency is real and present. Unloading the 70k inventory will help to prolong the life of the company. Lets not forget that the inventory has been expensed for already so selling it at very high discount would

[bond46]

CMK needs sometime to leak its wounds and heal after the abuses by the Board dinosaurs and other scavangers, If it can pull it through the next 6 months, the market will be about to take off and if it goes on the block,  it can be sold at book value of at least $2. Right now if it goes on the block, it can hardly fetch a fraction of its book value. Even if it issues some stock to pull it

[GUNSS]

I'm hoping that Cline's current cash balance, as of today, is $12 million - $18 million and that they can reduce cash burn to $2.0 million per month, which is where I get a hoped for minimum of 6 months of liquidity.  I don't know how much cash they have, just my guess.  I doubt that they have less than $10 million or more than $20 million, again as of today, not the end

[ark88]

We'll all find out on Monday. I'm confident it will be more than 10. I've seen Cleaves perform at the AGM the last couple of years. He's got his sh  i t together. I'm sure he's behind all this crunching the numbers. If the cash position is anywhere near 10, we would've gotten a different NR.

[brundall]

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