Cline Mining Corporation T.CMK

Financing

[pastafagoli]

I am sure cline will come up with some financing.  Thats why noone is responding to any emails.  Based on the statement from the bond holder he did not seem worried or agitated nor did he take a provision on the valuation of his bonds.

Its been a long run with no doubt wasted funds on a poor mine plan.  But everything is in place, permits, equipments, the coal.  A new COO is there who seems to know what he is doing.  Make Bates walk the plank and lets get on with this.

[Eigen337]

This post has been removed in accordance with Community Policy

[longonsino]

If there was possible financing, it would have come already. It's possible the bondholders/creditors could offer a DIP (debtor in possession) loan, but that would just give them more of a hold on the company. Got nothing against CMK, was trading it in the 0.17's just a couple weeks back. But I just thought I should make myself heard, and don't want anyone to fall into a trap like I did

[borrowedlife]

longonsino. I appreciate ur honesty to getting screwed with sino and gbg. do ur dd .

[utube]

You're right, everything is in place, permits, equipment, the coal. every body knows that the hot money is flooding in Asia,many big buyers looking for a good company to put their hot money into it. once it happened on Cline then you won't get such cheap price for shares anymore and that's for sure.

[kingyahoo]

Tend to agree. Taking a company to bankrupcy is the last thing one would consider because he or she might get .10 cents or less for a dollar invested. When everything is said and done, there is usually more said than done. For those who are long and refuse to take a haircut sooner than later must assume responsibility. It is pointless to cry foul. It is a nice feeling to be making money on a stock

[kingyahoo]

Tend to agree. Taking a company to bankrupcy is the last thing one would consider because he or she might get .10 cents or less for a dollar invested. When everything is said and done, there is usually more said than done. For those who are long and refuse to take a haircut sooner than later must assume responsibility. It is pointless to cry foul. It is a nice feeling to be making money on a stock

[norgo]

After holding this since 0.25, pre Australian flooding... then up to $4... I held based on reserves...  Granted coal prices are bad, but free energy is very far away. This is a 50/50 + : they get pas this small 2.5M hurdle, shake the company up a bit, and it will prevail or get taken out. - : they start Xmas vacation now to realize Jan 1st, the doors are closed and sharehoders are mailed

[Northguy53]

"You're right, everything is in place, permits, equipment, the coal" To any newbies here...that is an untrue statement...beware of the lies on this board..desperate people here...JMHO GLTA  

[longonsino]

Actually I think utube has a point. This company can be up and running after it gets past this hurdle. But it is definitely better to buy bonds rather than shares, that way you can control the assets. After recapitalization, if you bought the bonds, you become the new shareholders. This I understand is a strategy of some institutions, ie. buying the debt of distressed companies that

[Northguy53]

oh? and what assets would that be? a bunch of dilapitated buildings that are sitting on leased land? please share with me what they actually have as assets...things that they actually bought and own straight out...besides Bate's old half ton and some paper, I don't think they have much of anything imo..and if you knew what was going on you would know that it would be impossible to

[longonsino]

Assets include rights to resources at new Elk, among other sites. 'Up and running" was a bad expression, which was intended for the company itself after it restructures, rather than New Elk's operations. Like I said the shares are virtually worthless given imminent bankruptcy, but the bonds are not.