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0.1¢ classic minerals ltd

Ann: Results of Meeting, page-9

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792 Posts.

79

08/11/21

12:46

Post #: 57395631
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Originally posted by Theeroy: ↑

The only way this company will rebuild value in their shares is by either mining, or doing a consolidation.

I actually think they will need to do both.

By issuing more shares even to debtors, when the consolidation occurs, they will have more shares irrespective, and the stake they hold in the company will be greater.

IF they do this, AND produce gold, then having 2 billion shares, consolidated into even 200000 (roughly 2000 to 1 if not more), is infinitely more desirable than having 1 billion, because IF this company gets going, AND buyers return, they will still end up making money which is ultimately what its all about it.

Its the only thing that we can hope for, is that they put it together and people can get their cash back.

If not, it goes belly up anyway, and if they cant afford to pay for the work, then any monies paid already in shares become worthless.

Everyone has nowhere to go, but make this thing turn around else everyone loses and no one gets anything.

GLTAH.

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Yeah, agreed.
So, all we need are 2 IFs and 2 ANDs. Easy.

CLZ Price at posting: 0.1¢ Sentiment: Sell Disclosure: Held
3 Upvote

0 Great analysis

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