Cline Mining Corporation T.CMK

re: capitulation phase or more to go?

[bond46]

The volume today seems to suggest a capitualtion phase with almost all the sellers gone and some short covering. We need the short interest on the stock to get a clue if it has bottomed. Anyone having access to short positions on the stock?

[aatwal]

It seems like a bottom at 0.25 for CMK...Stonecap stopped selling into the bids just after 12pm...but that does not mean they are done selling! Over 5million total volume today as of right now with less pressure to the downside....the risk is still there with CMK as we all know, but I think that risk is priced into the share price already and maybe overdone here!

[hoagy16]

posted them last night.should be down near the bottom of the page.

[GUNSS]

Investment Thesis-A Call Option on the Met Coal Market CMK offers leverage to a rebound in the metallurgical coal markets given that the company's key asset, the New Elk mine, is fully built and has a solid long-term production profile. Although we view Cline as undervalued at present levels, we currently have no clarity on production and revenue going forward given CMK's inability to

[mr1derful]

What a garbage report by the analyst at Dundee. First of all the analyst states that Cline's debt is due at the end of 2014 when the actual maturity date is feb 27, 2014. Big Difference! the analyst also talks about Cline burning $1 million per month but yet conveniently ignores the $5 million of annual interest payments. Also, the analyst uses a coal price for Cline of 20% below the HCC

[stokhownd]

" is well positioned to quickly take advantage of a recovery in the coal market." Where are the facts supporting that statement? Dundee was a cheerleader for Sino Forest, you know what happened to Sino Forest.  

[Eigen337]

This post has been removed in accordance with Community Policy

[aatwal]

Regardless of the Dundee Report (I agree with some aspects of the report and question the other), if the world economy was going down to nothing then can someone explain why is OIL over $90.....agreed some of it is supply disruptions, but if we consider 2009 price for oil (40 or so), than why is it not testing the 2009 levels if everything is going to tank?? IMO oil could be viewed as a leading

[mr1derful]

Good point, Eigen, about the potential cost reduction with longwall mining. How much additional cap-ex would have to be spent for longwall mining? The problem I see is that other major coal companies seem to to be focussing their cap-ex on internal projects. I just don't see another major coal company spending the money on an unproven project like New Elk. Unfortunetely as a shareholder

[Eigen337]

This post has been removed in accordance with Community Policy

[ark88]

Not sure if many of you are facing reality here. There are only 2 things that matter at this point. 1. On the macro level, it's all and only about China when it's concerning metcoal. Just pull up the numbers for the last 10-15 years on worldwide steel production and seaborne metcoal consumption. It has been about China and will continue to be China for the forseeable future.   2. On

[Eigen337]

This post has been removed in accordance with Community Policy

[bond46]

 The champions of idiocy  destroyed this company, I agree. The center of gravity has shifted over to  Stone. But his power is at this point potential, i.e., in vitrue of his position as COO with a reputable background, who can effect changes by threatening to resign. His power is not actual. If he comes up with a viable plan and presents it to the market, he may have more

[ark88]

The best OPTION, at this moment in time; is that SOMEBODY (major customer of our coal) signs a MAJOR multi-year OFFTAKE agreement  because they have HIGH FAITH in new MAJOR mining plan. With a SIGNED offtake agreement, we can get CUSTOMER downpayment plus ACCESS to CAPITAL.   I completely disagree. When you're trying to sell something and no one is buying, your ONLY option is to

[waterboy2]

The question regarding an offtake agreement was raised at the AGM and the reluctant answer was that " we are in discussions with 3-4 interested parties ". But Eigen is right when saying that such offtake agreement would take off the pressure and allow for both revenue and access to Capital. The problem is likely that the major metcoal suppliers have all potential customers in a

[longrun]

Excellent report By Dundee ,They were not pumping Cmk when it was way way Overvalued at 3-4 bucks ,,Now when it is way way Undervalued they started the Coverage 90 cents target is very Genuine target ,, Cmk has a History of Going up and down it could jump up to 60-70 cents in a week ,Once they leaked out the news of sale agreement watch it going up,,at these prices it is way over done.   IMHO

[cokeexpert]

R u guys for real?  Stop with the day-trading mentality and look at the REAL Cline.... No mining experience No Money Never made money.  Ever. No coal buyer No rail to the mine Poor coal quality vintage wash plant high labor cost poor safety record inexperience at all levels awful upper management laid off the work force they had huge cost to get the coal to market AND NO SALES CONTRACT!!

[bond46]

wonder, with all these negatives, why bother at all responding to points of view on this board, either you must be a good Samaritan, or you're bored with your life and you engage in idle talk.  Most of us know the limitation of junk science, the technicals, and the fundamentals yet both meet in a common denominator called price; and you can't ignore price and its determinants, be

[bobgervais]

New name just started I wonder who you really are, what was your old name, too many ignores so I see you already have 4 under the new name, you can run but you can t hide.

[cokeexpert]

If only you knew Bob...if only... Do you only read what you want to hear?  I'm not going to say anything but the truth.  If I could tell you I knew they would get a contract tomorrow, most of my comments would still be valid.  You and James Bond just don't want to hear anything negative becaue apparently you are WAY in over your heads. You day-traders do nothing except hope

[cokeexpert]

Bond...I cannot understand much of what you say.  However, you seem like a sharp guy so I will just tell you that whether you believe a word of what I say or not, this company is on thin ice in MANY ways.  So you can talk about things like junk science and technicals and whatever and put me down because I am NEW but that won't change the facts.  My current postion in Cline is

[mr1derful]

A spot sale of 70,000 tons would help bring in some cash but it's not enough. Don't forget, Cline has to pay the transport costs to get the coal to China which is probably in the neighbourhood of $40/ton. If the coal market improved, CMK might net out $7 million from selling the coal in inventory. They still don't have enough $$$ for cap-ex and for working capital purposes without a

[longonsino]

The analyst at Dundee jumped ship after the Sino Forest thing. It seems they are expecting a turnaround in the coal price for the 0.90 target. Since they were already under production at New Elk, they can quickly resume production when/if the coal price recovers. I've made a bet that it will recover somewhat.

[Tinyhopes]

We are initiating coverage of CMK with a BUY recommendation and a 12-month target of .90/share based on a 0.7x multiple to our NAV of $1.27/share. This target price also represents a 3.0x 2014 EPS multiple and a 0.55x EV/2014EBITDA multiple. Once CMK has contracted coal sales and can consistently generate revenue we will move away from the NAV approach and base our valuation on an EV/EBITDA

[bond46]

it is again some of the institutional investors who liquidated positions for the simple reason that they may follow threshold guidelines and are under pressure to get out. This is the disantvantage isntitutions have vis-a-vis the retail investros who risk their onw capital. The funds that liquidated may not be at liberty of holding on to the end. And that was evident today that the volume stopped

[miner8740]

nichols may turn this atround by puting a lock on the gate.

[aatwal]

CMK is holding here well...good support!....good time to bring your ACB down while the shares trade under the 0.30 range!