Cline Mining Corporation T.CMK

low volume bullish sign for CMK

[bond46]

The low volume this morning for CMK is a sign of things might be turning around for the stock and the sell panic is abating; participants start holding on to their shares and not selling. This may also have to do with the take off of the markets due to the fiscal cliff resolution. But coal and copper companies are on a tear this morning. Also the good vibs from Stone's words in the Trinidad Times may have stopped the bleeding. But I don't understand how CMK has resolved the liquidity issue Stone is talking about. How is the company going to get cash for its operations, if and when, it goes into production. Would that be from the exercized warrants, if and when that happens. Would some one more savvy than most of us have a comment?

[stokhownd]

Stone says: “We’re in negotiations right now with several parties who are interested in buying our coal,” Stone said. “We don’t know yet when the mine will reopen. It could take days, weeks or months, and it all depends on how things go with the negotiations. The most important thing is that we now have our liquidity restored.”  Stone works for Bates, he will say what ever Bates wants him to

[kingyahoo]

Good observation bond. At the previous trading day, almost 2 million shares were traded in the first hour. Right now, a paltry 198,000.

[hoagy16]

I figure they think they are going to get their money from US thru the rights offering.8 rights per share at .0205 or 16.5 cents per share you currently own.Lets say you have 100,000 shares.They will issue you 800.000 rights and it will cost you $16,500 and you will now hold 900,000 shares.Thats how i read it. 209.000,000 shs o/s times 16.5 cents =  about $34.5M if all rights are exercised

[shane117]

hoagy16, when a reverse split happens you will have a less amount of shares but the share price will increase at the same time so, essentially you are not gaining nor losing cash.

[hoagy16]

You are correct to a point.However you lose the upside leverage.For example lets say you own 100.000 shares , current price is say 10 cents.A 1:10 cons. leaves you with 10,000 shares worth a buck. If the price rises say 10 cents you make $1,000.However if you had the 100,000 shares you would have made $10,000.Thats the rub on large consolidations.

[sanddevil]

share consolidations are historically bad, bad for longer term shareholders. I can't think of any examples where it worked out for the better for longer term shareholders. Might work out for new entry shareholders who get in at a bottom of post consolidation... but typically, the consolidation is happening while things are not great at the Company, and post consolidation the shares have more

[bladerummer]

Those 10 thousand shares at a $1 will crash to .80 pennies same day as the reverse is the worst thing ever thrown at shareholders right before the Ch 11 bankrupcy halt. CEO should be exterminated like a parasite.

[aatwal]

Yes....the only thing at the moment worthwhile for the current shareholders--including Bates is a buyout of the company!  I think all options are on the table right now, and Bates would rather sell the company now than to see it get very diluted and then do a reverse spilt.  Reading from the last press release there has been never mention of any sort of sale of the company before hand

[straightbull]

bond46 wrote.... The low volume this morning for CMK is a sign of things might be turning around for the stock and the sell panic is abating; participants start holding on to their shares and not selling. This may also have to do with the take off of the markets due to the fiscal cliff resolution. But coal and copper companies are on a tear this morning. Also the good vibs from Stone's words