CLZ classic minerals ltd

CLZ- why it was on the nose, page-92

  1. 2,016 Posts.
    lightbulb Created with Sketch. 939
    Well spotted.
    How stupid were both sides of this deal.
    Redivium for thinking that they could actually do a deal with CLZ. However they are walking away with CLZ shareholder money and worthless shares and will probably end up keeping Forestania. So a win for them.
    CLZ for thinking they had the smarts to actually do a deal. They have blown shareholders money on the useless development of Kat Gap and now basically given Redivium a cash present while the balance continues to accumulate interest at exorbitant interest rates. They call this “creating shareholder wealth” and reward shareholders by offering more useless shares in a useless company for being loyal.
    This, no doubt, will go into administration and will be bought back and relisted with a new name for the next grift. AIMO DYOR
 
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