CLZ classic minerals ltd

Ann: 6.06 g/t Au AVERAGED IN FIRST BULK SAMPLE ORE THROUGH GEKKO, page-47

  1. 4,029 Posts.
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    So how does one assess a company that doesn't report like any other exploration mining company on the exchange? If they followed standard reporting procedures, they would have to report they removed 15 meters of overburden to get to the mineralized ore, perhaps costing millions to do it, who knows, as there is no costing. Why are they allowed to raise millions from the public, without providing accurate costings of mining work undertaken? They could be losing money digging or up, how would anyone know? That's why companies undertake comprehensive Definitive Financial Statements - to see if it's profitable . Rather than just putting out a news item to market to say they have done something, like put some ore through the Kekko . So that they can do another capital raise, or to run the stock to get a few more creditors get some cash from the day traders, for the shares they took in lieu of money for work undertaken for the company. DYOR
 
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