IMO:
I agree, they are trying to raise many more millions without any plan/strategy of how they are going to use it!
They have already managed to spend between 100-200 million dollars for what?
To start a mine that has less than 100k ounces of gold which is not enough to be taken seriously.
Why haven't resources been upgraded? Didn't they did drill enough to revise them?
Now they are trying to raise funds in the guise of "Loyalty Options"
It's just PATHETIC and the MARKET has so far AGREED!
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classic minerals ltd
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Ann: Prospectus for Loyalty Options, page-54
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