CLZ classic minerals ltd

Ann: Classic requests extension to suspension, page-16

  1. 2,083 Posts.
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    IMO:

    They are well over $5M in debt, they needed another $5.15M to get closer to production (I think it’s very conservative).

    Have a look at the pro forma balance sheet which includes the $4M in CN’s and also the $6.
    7M for the Loyalty Options” being excised which they didn’t get.

    So they need somewhere between $10M to $15M from somewhere?

    This is the balance sheet within the Supplementary Prospectus:

    https://hotcopper.com.au/data/attachments/4662/4662094-be794f929d7c47e26dc729c670aef52e.jpg
    Supplementary Prospectus:
    https://hotcopper.com.au/threads/ann-supplementary-prospectus.6891355/

 
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