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Bullboard - Stock Discussion Forum Cline Mining Corporation T.CMK

TSX:CMK - Post Discussion

Cline Mining Corporation > I am aware of what is supposed to happen Shane
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Post by Rilee42 on Apr 11, 2013 4:14pm

I am aware of what is supposed to happen Shane

Do you have an explanation as to why so many people are buying and trying to by 3cents higher than the expected future price. they can't all be morrons.
Comment by shane117 on Apr 11, 2013 4:22pm
Rilee42, have you ever seen a stock drop 95-100% in one day? Not me, it takes time. Some people (like yourself) are ignorant and didn't read the Marett deal, some people just had pre-orders set to buy from previous days and lots are trying to day trade and play small ups and downs but overall, the stock is going down. You can continue to hold all you want but if/when you see a small short ...more  
Comment by bond46 on Apr 11, 2013 4:28pm
If I can be of any help here. There may be funds or banks or what have you, that hope there will be a management shake up down at the farm. The new owners may be able to secure financing should production starts and any contracts signed that will boost the stock beyond the 2cents mark. Myself, I would wait for the quarterly release and the managements plans before I dive back in, if at all.
Comment by Rilee42 on Apr 11, 2013 5:04pm
Actually Shane I have read the Marret plan, several times, to ensure I fully understood it which I do. I am also aware how quickly a pre ordered trade can be cancelled especially when such an important deadline passes. Although annoying, day traders and shorts are not idiots. As far as I am concerned anyone buying this stock at this moment is crazy but people are in huge volumes, why?(no ...more  
Comment by Lion57 on Apr 11, 2013 6:01pm
People are buying this stock because they want to receive the rights offering...which do and will have value.
Comment by Lion57 on Apr 11, 2013 6:28pm
People are buying this stock because they want to receive the rights offering...which do and will have value.
Comment by shane117 on Apr 12, 2013 4:27pm
Like I said Riley, there may be some morons buying right now but it's still on a downward trend to 2cts. Down 10% today.
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