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04/09/22
19:56
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Originally posted by bungalowbill:
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I see CLZ as a valueless shell, that has been loaded with debt, The creditors are mostly connected. The shareholders are way down the line . That's why it's not even a takeover target, due to the whole way it's been structured. Family members get a lot of the work, and associates get the contracts, for things the company should be undertaking . Why did the board approve an outside company procuring the Gekko & signing a 3 -6 million dollar contract, and paying up front for refurbishment? The Gekko lays( perhaps) at Kat Gap unassembled & this was the lynchpin to production, that they promoted and reeled more investors in on. And then they devalued that new capital mercilessly, and next did the CN issue. Outcome 90 percent loss to shareholders & still the Gekko lays unassembled: All in my opinion: Do your own research to form your own opinions - I'm just sharing mine.
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Exactly! Creditors, CN's, Gekko and Archean Resources, possibly all in the Family?