Post by
summer22 on Mar 03, 2013 1:56pm
CLINE - DEEPLY UNDERVALUED!!
There is huge value in this company. Fully operational mine is in place and ready to commence production when given the green light. Cline has a very high quality coal which is sought after. The current non binding letter of intent will come into place!! The interested parties involved waited till the morning of Feb. 28th, to announce their intentions. Cline had nothing else, and accepted the offer within this letter. Cline being in the tough spot and down to the wire was upset but yet elated with the deal. If one is interested in a company such as Cline, why not wait till the last day to make their offer. Cline had no other alternatives. The interested parties involved will be getting Cline for a fraction of the true value. This sastifies the first of three conditions stopping the Marret deal from unfolding. This non binding letter of intentions will be binding in due course, resulting with a upward sp in the cming weeks. Three scenarios: 1) The interested party will own a controlling interest in Cline. 2) There will be a hostile take over with a comfortable price to most stakeholders. 3) Cline has lined up sales contracts and retains control. We feel it will be either 1 or 2. Cline is working diligently with respect to the strategic review process. All the best to everyone!! Summer22
Comment by
aatwal on Mar 04, 2013 10:28am
It would be interesting to see what kind of an agreement is structured here with Cline. I am hoping it is a steel mill or a state owned entity, in which case the coal is automatically sold. But the bottom line is Cline needs to be in production, sooner the better!