Cline Mining Corporation T.CMK

All the bad news are already factored in

[knowsnothing]

Not much downside from here imo, Why do I have a big feeling that CMK will be subject to a takeover bid very soon! The shares are extremely undervalued and the prices will rebound, esp if Australia gets flooded like what happened few years ago! Think about that for a scenario....I am in :)

[ark88]

esp if Australia gets flooded like what happened few years ago! Think about that for a scenario You pick the forecast that you prefer. Lots of rain predicted in QLD.https://www.theaustralianweatherforum.com/forum/viewtopic.php?f=5&t=1604 Below average rainfall predicted in QLDhttps://www.bom.gov.au/climate/enso/

[GUNSS]

CMK stock may be up today due to comments made by the CEO of Consol Energy at a Barclay's conference a few hours ago. He said that Consol expects benchmark Bowen Basin, low-vol coking coal to average around $215-$230 per metric tonne in CY 2013.  

[dreaddogs]

:)  

[GUNSS]

I've been saying that Cline at .60 per share represents a great call option, and I said it at .40, at .30, and now at .20!  Still, consider the following. Since Cline is not currently in production and very likely won't be for the next 3-6 months, they might actually BENEFIT from spot coking coal prices tanking. Let prices keep falling! That would

[ark88]

GUNSS; It's just assumptions that you're basing your opinions on. Nothing more. If the metcoal market doesn't return in time, then as you say, we're screwed. Now, how in the world can anyone determine that at this time with all the uncertainties out there. Why would the bank lend them more in light of this? It's not just Cline, it's the entire resource space going