CLZ classic minerals ltd

Night, I see the only option left for them, is to try a...

  1. 4,002 Posts.
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    Night, I see the only option left for them, is to try a ridiculously discounted offer of shares, say a 1 for 1 at 5/100's of a cent, yes (which would be half price), and throw in a free attaching option. But they only just got the last cap raising away, and only with director involvement. which was a first. So it looks like in 3 months it will all be over. They are a victim of their own strategy . They set up Kat Gap for production, but it is likely non-economic, so they stopped sample mining & run off and bought more leases. The problem for the equity holders is getting out as the volume is so low these days. It will be fascinating to see if they can do anything about the situation, but it sure is looking dire now
 
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