CLZ 0.00% 0.1¢ classic minerals ltd

Ann: Suspension From Official Quotation, page-10

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  1. 2,083 Posts.
    lightbulb Created with Sketch. 323
    The so called social media post mentioned a capital raise at ..0005 for $4M, so that's an extra 8 BILLION shares!

    So bring SOI to around 40 BILLION approx?

    Then drop in share consolidation at 1:150 for 267 MILLION shares on issue post consolidation.

    So if market capital is optimistically set at $20M divided by SOI = a VERY VERY LOW NUMBER

    IMO, sorry, just can't see much future for CLZ in the SP for existing shareholders.
 
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