IMO:
It's not a matter of who owns it, it's matters how management runs the operation and whether they are financially sound.
If you don't know the answer yet after looking at the history of this operation, you are living in an alternate universe.
It is by no means half the equation, running a sound operation that is transparent, informative, efficient and to a high standard while keeping finances in check are worth more than 50% of the success of a business.
Let's see what the financial position is, IMO they are on their last legs if no funding eventuates to pay off ever increasing debts and at the same time attempt to start a mining operation.
Not the best financial position they are in and as debts and costs increase the funding terms become more unfavourable forcing CLZ into a debt spiral.
The gold is irrelevant if they don't get there finances in order.
Now just waiting for the audited financials due end of this month![]()
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classic minerals ltd
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