Cline Mining Corporation T.CMK

Fitting the puzzle

[bond46]

We all talk about Mr. Tobin and the role he is about to play, what about Mr. Haywood? Haywood's credentials outshine everybody's on the Board of CMk, he is  a mining engineer, a lawyer with an exemplary track record with Aglo-American, Goldfields, etc.under his belt. The question then is whose man is Mr. Haywood? Certainly not Bate's or Stone's; in fact he would be a challenger to these two individuals for the CEO's position. So Haywood is a Marret man whose purpose on the board would be to replace Bates and possibly Stone. Now, my sense is that Bates is toast and Stone probably will be appointed executive Vice President and Mr. Tobin will be the Chairman of the Board.  These board appointments are in fact Marret appointments in which case it's a given fact that CMK to date had no buying offers and has resigned to its fate: dilution.

[robd27]

Excure my ignorance on this topic, but is not possible that Marret may want to get paid ASAP with a deal as opposed to waiting for dilution in which case a lot of bad things can happen like stock being de-listed, bankruptcy,  etc. etc.  Afterall, if they cannot get a deal now what makes Marret think they can get a deal done later in the year; they will just be burning more cash.

[bond46]

The question is not what they want but what they can. According to the Marret Plan the mine can go into care and maintainance for 3 years. After that they can auction off the assets and get their money. In the meantime markets may turn around and CMK can go into production and the changes you see on the Board are getting ready for such an eventuality. These are likely scenarios. CMK will not go

[miner666]

Robd, Your logic is hard to challenge. Well done.