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

Cline Mining Corp. (CMK.TO)

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8 watching

HOLD

Does seem that coal demand is firm for the future. Has a rather nice smallish mine in the US. Investors would hope for a takeout.

COMMENT

Coal. Has come down enough that it is looking interesting. All coal stocks have retreated quite a bit. Ramping up production. All Junior coals in Canada are incredibly cheap. Quite volatile.

BUY

An emerging coal producer in Colorado. Just announced that this year's production is going to be less than expected. Good entry point here.

DON'T BUY

Developer of metallurgical coal and is very dependent on the marginal Chinese demand. Would stay away. (Prefers thermal coal for cheap energy sources.)

BUY

Met coal producer that has just started to produce. One of the best performers off the market bottom. Metallurgical coal, along with copper has been the strongest off the bottom but not sure they will be the leaders in the next rally.

BUY

Coal mining mine in Colorado. Great prospects. Street got wind they were going to do an equity issue, which management hadn’t handled very well. Did it for $2.75 today and have good use for the proceeds. It’ll work through this. Expect it to do very well over the next 18 months to 3 years.

COMMENT

Coal. Has a nice trend with a little break just happening, which isn’t the end of the world. Has a quasi-wedge and would like to see it pop up out of it, but not down. Support is around $3.20.

BUY

Colorado coal producer. Coal, along with natural gas, is going to have to stand in for electricity that isn’t going to be produced from nuclear energy and uranium. Also has metallurgical coal. Could get up into the $6-$6.50 range.

BUY

Emerging coal player meaning they will be ramping up production. A sweet spot as they get a re-rating plus continued strong coal prices. Broken its downtrend. Many coal/copper stocks peaked in 2nd week of January. Earthquake made a lot of investors think the market was starting to correct but a lot of them had already corrected. There has been a rolling correction from mid-January and he looks at as a bull market correction.

BUY

Continuation wedge: it broke out to the upside. This one is not waiting for the pullback to end. You want to see some volume during the breakout to confirm it.

HOLD

Has a nice asset in the US as well as BC. If you wish to wait for an increase in the price of coal it might be a take-out candidate.

COMMENT

Coal market has been a great place to be and this one has been a tremendous performer. Clearly a takeover target and if you like playing takeovers, it’s a great one to own. You also Have to be comfortable with the metallurgical coal market.

TOP PICK

About to be a metallurgical coal producer in Colorado. Will start at 3 million tons a year and will be able to move to 6 million. Steel demand is very strong. Other sources, like Australia, have had big weather problems. Asian demand continues to grow.

DON'T BUY

Developer of metallurgical coal resource and is now producing. Coal is a very hot space and tends to go through cycles along with Chinese demand for steel. Not a big fan as he has seen these cycles before. Still a junior company and doesn’t see it as a takeover target. A lot of shares from a recent financing will have a negative affect on the stock. (Has a small Short position on it.)

BUY

Coal. Sector has been strong for the last 1.5 years. Recent Australian floods have exasperated the supply issues. Very strong production profile. Could be a potential takeover target.

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Cline Mining Corp. (CMK.TO)