Cline Mining Corp. (CMK.TO) Buy, Sell or Hold

Cline Mining Corp. (CMK.TO)

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8 watching

SELL

Stock bounced quite hard at the bottom. If you own, take some profits at this point. Still have some struggles on offset agreements with customers. Currently have a mine running but will need to refinance at some point. If they can not get customer contracts, she doesn’t feel the stock will go anywhere.

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DON'T BUY

Has been Short this for more than 2 years. Without a major financial restructuring you would not want to be involved here.

SELL

Coal. Have never signed any deals to sell their coal and get it into production. Have a ton of debt on the balance sheet. Production costs are much higher than the price of coal.

DON'T BUY

(Market Call Minute.) This is a “maybe” because it has been hit hard with some management issues so it might be a good takeout candidate. Because it is coal, it is not a Buy.

WEAK BUY

If you are a long term player, there would be value over the next few years. Stock has run up quite a bit. Perhaps technically it has been overdone to the downside. Mine has been shut down but they have quite a bit of resource in there. A high risk play and wouldn’t put too much money into it.

DON'T BUY

Have basically disappointed investors in bringing their production on line for the last 2 years. Finally they were able to make progress but with current metallurgical prices, it is not economic so management shut down the mine. Pretty much dead money.

HOLD

In the meteorological and terminal coal business in the US. Nat Gas is more affordable. Wait for a major to come in and scoop up the property and take it into production. Double from here if they get taken out. Need at least a year for coal prices to recover.

COMMENT

Have a project in the US that they are ramping up to 2,000,000 tons. In the short term, they have been way behind schedule in ramping it up because of technical issues and CapX requirements. Expect they will only do a half million tons this year. Still don't have a buyer for their coal, which is not the highest quality. They probably need $130 to break even.

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SELL

Coal stocks have been getting battered lately. You don't have to be a technical analyst to see that this is going south. Has broken down through below its support level. This is not a good looking stock. What is even worse is that there is a lot of volume.

PAST TOP PICK

(A Top Pick Feb 3/11. Down 51.96%.) Sold his holdings at about $2.20 in June. They botched a financing. Still likes the asset.

COMMENT

(Market Call Minute.) With Grand Cache (GCE-T) being taken over, it's production risk now. If they can bring the mine into production between now and June, you might get a pop in the stock. Under $2 might make some sense.

COMMENT

Metallurgical coal. Company guided production in late 2010 but production still hasn't come on a year later. Looks like it's going to on in 2012. Would rather see production start with an update from management before buying but at a good level and looks like a good trade here.

COMMENT

Met coal. Have a big mine coming on stream in 2012, so there’s execution risk and the market doesn’t want to pay for it in advance. If everything goes OK the stock will probably be worth $3. If not, there will still be further downside.

DON'T BUY

He is bearish on met coal and Chinese demand at this time and is shorting this stock. Thinks they are going to have to come to the market for more capital. Just not that high quality of a project and mine.

DON'T BUY

Has a big project in Colorado that is starting to go into production but feels it will need a lot more capital. He is short the stock but his position is much shorter than it was. Anything around the $2 mark he would be looking to re-enter his short position. (Very negative on met coal as Chinese demand is slowing dramatically.)

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Cline Mining Corp. (CMK.TO) Frequently Asked Questions

What is Cline Mining Corp. stock symbol?

Cline Mining Corp. is a OTC stock, trading under the symbol CMK.TO (previously CMK-T on Stockchase) on the undefined (undefined). It is usually referred to as or CMK.TO

Is Cline Mining Corp. a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on CMK.TO (previously CMK-T on Stockchase) on Stockchase. Read the latest expert commentary for Cline Mining Corp..

Is Cline Mining Corp. a good investment or a top pick?

Cline Mining Corp. was recommended as a Top Pick by James Hodgins on 2011-10-20. Read the latest stock experts ratings for Cline Mining Corp..

Why is Cline Mining Corp. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Cline Mining Corp..

Is Cline Mining Corp. worth watching?

Cline Mining Corp. is followed by 8 investors on Stockchase and is a trending stock that is worth watching.

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