Cline Mining Corporation T.CMK

PT Barnum once said...

[cokeexpert]

Wash plant is a bottleneck...no sales contract...miners sent home and won't want to return...no rail access to the mine...poor quality coal...no sales contract...company running on fumes yet hiring more expert help...you speculators are going to ride this horse into the ditch,  Cline is a publically traded complany.  Do you think they care if the investors are losing money?  Did you all forget that the bond holders get in line ahead of the common stock folks?  The sale of the coal was always an after-thought.  This company is a MINE DEVELOPMENT company, not a mining company.  The game is promote and then sell to some half-witted investor...funny to keep reading about the FUTURE when the present is so clear...

[ark88]

Your very first post!. A very warm welcome to you my Sancho Panza.

[bond46]

That is fine with what you're saying, but how do you explain that the CEO owns 1.8 million shares and now they're worth a fraction of what once were, and also all these institutional funds holding millions of shares? You seem to be enmeshed in some kind of conspiratorial theory about the nature of things. Conspiracy theories thrive where real knowledge of things and events is lacking; they

[cokeexpert]

  The squire of Cervantes' Don Quixote, an uneducated peasant. Nice welcome, my little pigeon. So the owner owns some stock?  Did he buy it or was he awarded that by the Board? Keep thinking I know nothing and keep buying please.  There are plenty of sellers out there for sure so you should not have a problem. Have you been

[bond46]

A wise man after the fact. At 30 cents anyone can see the end of the world is coming; it seems obvious. But we did not get your wisdom at $4 or $5 as to where the stock was headed. If your opinion then had no predictive power, why do you think it has now. For knowledge without some predictive power is not knowledge proper, we prefer to call it either prophesy or at best

[cokeexpert]

You are correct.  I did not say anything when all the buyers were jumping on the band wagon.  For good reason, I kept quiet, at least to you and others here.  However, others in my circle could verify my position, which has not changed since Cline came into the picture, but that is not important at this point. Riddle me this my friend.  If you were buying the entire operation

[bond46]

These are all legitimate questions, my friend and I am not sure I have the answers for all. But for a few, the most important, I may have something to say. We buy stock, or stocks in themarket based on the published records of the companies. We assume also that there are checks and balances in the system to verify the truth or falsity of these records. We do not always go into the lab of

[miner8740]

talk to the old miners they vwill give you a true dd, not investor relations who lack the experience predict the lock on the gate in the near future until market improves in 5 years time, cmk may not exist by then, just like the previous owners

[bond46]

But miner 8740 when the previous owners closed the mine down, it was because the domestic market in the US got saturated. At that time the so called developing markets, India, China etc. did not exist, or the company then did not export to these markets. The mine is viable, I suppose, only if these markets are still active. The US is already developed and does not need much steel. And CMK never

[aatwal]

It is simple to understand why CMK suffering......Oversupply of met. coal and not enough demand to consume it all....demand has to exceed supply in the met. coal markets for any coal company to make money let alone CMK!  We need higher prices for met. coal only way going to happen is cut supply dramatically (this has happened is happening around the world)......and demand to come back.....I

[straightbull]

aatwal - Were you asleep the past two years. Cline is suffering today because they could not execute any of their mining plans while the price and demand for met coal was high. They failed in every aspect; no coal production, no sales, no progress. You cannot attribute CMK's present suffering to today's poor coal markets. They had their chance and they F&*ked it up, and we are paying

[aatwal]

Agreed...but they had Marz who did not know how to operate a mine...that I blame the management.....if we keep looking back that is not going to solve anything.....looking forward CMK made the right move in bringing in Stone and hopefully he can capitalize when the markets due turn around in the future....

[ravensbranch]

The mine was closed due to a special electricity pricing for the conversion of the mill to electric arc furnace. The other mine was closed due to the initial output was going for thermal coal when it was owned by a utility company. Many of the power plants in the area used this coal untill conversions were made to burn the lower grade Wyoming coal.