CLZ 0.00% 0.1¢ classic minerals ltd

Well that's OK for the company, page-9

  1. 3,306 Posts.
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    Well got that right , 5 million left to buy at .01 (out of 40 million this morning) , they will probably be gone by the end of trade & it will probably go back to no buyers . interesting Independence Group is not buying in , they usually take 15-20 percent of anything that they back . if there's anything there they will own it for 4 million outright . Why waste money buying into an outfit where you probably won't be able to quit l out on market anyway . CLZ must have been desperate to have done that deal - because IGO are no fools , it must be highly prospective ground for them to do a deal . CLZ can't get there own shareholders to finance their drilling anymore , they have to seek funds outside the stock market as they have burnt their retail shareholders so badly.
 
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