Would you buy a piece of equipment, if you didn't test it first to see if it was fit for purpose? Wouldn't you lease it to establish if it works? Rather they bought it for many times its cost from a company headed by a 19-year-old teenage female, straight out of school. that was its sole director. Shareholders never actually found out what the Gekko was purchased for. they just obtained a valuation . But wasn't the total contract for around 5 million dollars including resiting and refurbishment conducted by an uncle? Gold Processing Equipment is currently being wound up. So they did a cap raise to buy the Gekko, dug up a heap of ore, and processed around 10 percent of it with the Gekko. But the most amazing thing is that people kept giving them their money.
CLZ Price at posting:
0.1¢ Sentiment: None Disclosure: Held
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