IMO:
There may be some big creditors that haven't been named (remember the $10M credit line of which more than $5M was used).
In the approx $15M of debt around $11M has no name attached, currently that debt as a liability is greater than total assets of CLZ.
So if CLZ went belly up the biggest creditor could potentially take over CLZ!
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classic minerals ltd
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Mkt cap ! $3.017M |
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