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Bullboard - Stock Discussion Forum Cline Mining Corporation T.CMK

TSX:CMK - Post Discussion

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Post by glorieux3 on Aug 07, 2012 1:23pm

Lawsuit

Any chance BC and CMK may agree to a settlement?  Even 20% of value would be 50 cents per share.

Cannacord buying heavy today gotta think they know something.

G.

Comment by mski on Aug 07, 2012 3:28pm
Hi glorieux3, based on what I observed at the AGM I'd say the chances of immediate settlement at 20% of original $500 MM suit is < 1% likely. 6 land holders have settled for $4.9 MM already. I've posted earlier about commentary at the AGM about how silly it is to spend precious cash that CMK has left on legal matters - just settle for $2 MM and move on - but CMK, it seems would rather ...more  
Comment by Tinyhopes on Aug 07, 2012 4:34pm
If the NDP gets in, in the next election cline Mining will end up with nothing and they will shut down all mining as they did before. IMHO  tinyhopes