CLZ classic minerals ltd

Ann: Quarterly Activities and Cash Flow Report, page-3

  1. 403 Posts.
    lightbulb Created with Sketch. 78
    Yeah well they still havent paid in full for the Gekko so I guess thats why it wasnt mentioned...What caught my eye was the following :

    Greywood Holdings Pty Ltd provided a loan facility with maturity date on 3 February 2021 with total
    principal outstanding of $500,000. This facility is secured against the Company’s assets under PPSR
    (Personal Property Securities Register) and has interest rate of 3% per month.
    Gold Processing Equipment Pty Ltd provided loan facility with maturity date on 20 April 2021 with
    total principal outstanding of $300,000. This facility is secured against the Company’s assets under
    PPSR (Personal Property Securities Register) and has interest rate of 3% per month.

    I have one word for this....."ouch". I did hold but sold some time ago. I wish all investors in CLZ the best of luck.
 
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