CLZ classic minerals ltd

Ann: Trading Halt, page-67

  1. 4,052 Posts.
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    The basic problem with this company is the persistent, continual unrelenting issue of the share capital below market. That is, below recent holders had paid . The 150-to-one consolidation was a disaster for existing shareholder value, as was the off-market Convertable Nore issue the terms of which were massively dilutive for existing shareholders.
    So my $500 of stock bought at 8-tenths of a cent is now worth $7 & that's including the free options .this is what can happen if you hold this stock long term. So it is purely an ultra- risky trading stock & your entry and exit points are critical. The recent share trader & chartist entry on the recent spike is a testament to that; where they paid from 1.6 to 6 cents. CLZ is risk on steroids.
    Do your own research as this is just my opinion
 
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