Cline Mining Corporation T.CMK

what is going on?

[larryl2]

3m shares in 10min

[larryl2]

already 4M and 7.5c

[jakk]

News Release, out last night. And it's positive. People will want to be in at this share price.

[shane117]

I would rather Cline do a JV with a large entity that has alot of cash int he bank rather then a full buyout. This way, the share price wouldn't be limited to a complete buyout price. With a JV, I think the sp would climb just as high as a full take out and we would still have shares for the future to make back our money plus more.

[larryl2]

i do not think yesterday's news is driving the stock today  5.5M so far 8.5c 

[shane117]

of course it is Larry. What else would be driving it. It has been dead for a while.

[larryl2]

this one :  Cline Mining retains financial advisor to assist in exploring strategic alternatives strange

[shane117]

larry, what you posted IS yesterday's news. There is nothing else.

[larryl2]

yes, but they been their advisers before , newer mind, maibe I missed somthing

[shane117]

larry, now they are their advisors for the purpose of doing JV/buyout. It's a positive step in the right direction.

[the_watcher1]

Basically, CMK will get sold.   If you read the article near the bottom it says CMK doesnt need shareholder approval on transactions based on financial hardships, something to that effect. What the worth is to the potential buyers is beyond me at the moment. 

[larryl2]

  Ok, means they are bad advisers, because they should advise to it 6 month ago, at least.  Nevertheless, I hope it moves to right direction but time is ticking    

[biren1]

well just wanted to say congrats to you guys that reloaded on shares in the 5.5 cent range, and are now getting some nice gains today. I unfortunatly missed out on this run, as based on the previous news, i did not see this sort of spike happening again. I would caution those looking to buy in at the current 8.5-9 cent level. Yes if might still go up some more, but keep in mind the company is

[aatwal]

Even with dilution  4 billion shares at .02 per....you are looking at 80 million dollar market cap.  Right now compared to the worst case CMK should be around 0.35 currently without any other offers.  But with another alternative on the table CMK could fetch a higher price IMO.   Still nobody has answered me in terms people on this board saying their is alot of debt out there

[shane117]

watcher, it says that at the bottom because Cline recently applied to the TSX to not have to get shareholder approval for the current financial situation.

[shane117]

aatwal, Cline's debt is just over 100 million.

[aatwal]

How do you figure that?

[shane117]

They borrowed 50 million from another institution prior to Marrett's 50 million dollar loan.

[larryl2]

from the last report on Oct 15,2012   hird quarter 2012 financial highlights are found in the table below:     3rd Quarter Ended  August 31, 2012 2nd Quarter Ended  May 31, 2012 3nd Quarter Ended  August 31, 2011   C$ C$ C$ Cash and cash equivalents 7,605,837 29

[aatwal]

Which other institution?  Could not find any other Loans, except for the $50 million dollar bond offering and equity financing/selling of some coal assets in Canada.  Only real debt that matters is the Marret debt.   3rd Quarter Ended August 31, 2012 2nd Quarter Ended May 31, 2012 3nd Quarter Ended August 31, 2011 C$ C$ C$ Cash and cash equivalents 7,605,837 29,000,416 57,353,320

[3andout]

Book Value of $1.15 a share. At $.50, a bargain for whoever buys it.

[borrowedlife]

"Book Value of $1.15 a share. At $.50, a bargain for whoever buys it." those who did good DD know what bargain this is.