Ann: Classic Receives Fully Signed Agreement, page-6

Ok so they’re going to get paid the first tranche, let’s say 15m.
Each tranche has to be paid back before they can access another tranche and can be paid back with gold.
Repayments start 6 months after the advance and to be repaid in 6 QTRly payments (no idea how you can do 6 QTRly payments).
So 15m coming in, what did they owe as at 31/12? Think it was like 12m?
Even the company advises there is risk they don’t make production after the first advance, at which point AuR will take over the company assets.
So is this one last fill up for the team before handing over the assets? They just going to push out creditors and have a crack at mining? Apparently 7.3m of the first 15m has been earmarked for capital purchases, not that you can take anything anything they say as gospel.
Interestingly, they were supposed to release trial mining results and scoping study. Did they just give this info to AuR and not the market?
Still giving off an incredible smell, should at least be a relatively locked in time frame now to watch CLZ’s final demise.