CLZ 0.00% 0.1¢ classic minerals ltd

Consolidation, page-29

  1. 3,181 Posts.
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    Hard to work out what's going on, but it looks like it's going to be one-tenth of a cent by next month's end. Whead will exercise 525 million shares at 20 percent discount and they will possibly control the company. Can someone do these figures? I don't think Deano cares about Kat Gap, he wants Forestania. CLZ is not a business, rather it's a huge loss-maker dependent on money from shareholders, brokers, financiers, and creditor loans. Now it's only capitalized at 1.63 million. They paid twice that for the Gekko. CLZ looks 'sick-as' now.
 
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