CLZ 0.00% 0.1¢ classic minerals ltd

Ann: Proposed issue of securities - CLZ, page-92

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  1. 1,941 Posts.
    lightbulb Created with Sketch. 909
    Roughly 200,000,000 shares issued in the last week. (Not sure if they are all related to CN but let’s say they are)
    Lets say over the course of the pump the average price they got for them was 2.5c.
    200,000,000 x 2.5c = $5,000,000
    Not a bad return of 125% on a $4mill CN.
    When were they issued? A couple of months ago?(correct me if I’m wrong)
    Thats an annualised return 750%!!! Geez that GV announcement sure came in handy for the CN holders.
    My figures and speculation only. DYOR.
 
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