Cline Mining Corporation T.CMK

70, 000 T

[longrun]

How much money they can raise by selling 70,000 t of Coal they have ib stock pile ????

 

any  fair comments  no bashing  ,no pumping

[ResourceMiner]

8-10 million. Figure around $125/ton

[ark88]

I was figuring $75-80. Just to get it done.

[hoagy16]

Received some of those action notes that TD likes to send out.They say Cline has $35m in cash. seems high to me.They also figure they will have $9.7m cash left at year end.Do not know if that includes sale of the 70,000 tons.They figure they can get 50% of the hcc price of $220.

[papineau]

These clowns also sold it to their clients for $2.75 a few months ago.  Would you trust them?

[mr1derful]

Cline had $35 million in cash as at April 30, 2012 which includes the second debt drawdown from the debt facility. CMK won't sell the coal for less than $125/ton. Don't forget they have to also pay approximately $40/ton in transport costs to the final destination point.

[dangert]

hey longrun aren't you kingyahoo????????? you use 2 names. bottom line. they owe money, can't sell the inventories, mine shutdown and above all Laid off employees. very very very bad. there is no catalyst for upside in a short term even long term. I just don't see it. it is only my opinion.  

[hoagy16]

No!Just passing the info along.