Thanks Knight. So the company said they raised 2 million on July...

Thanks Knight. So the company said they raised 2 million on July 23, to fund exploration & production activities at Kat Gap. What exploration & production is there? What did they pay the $300,000 Forestania leases payment with? They were broke, so it seems pretty obvious where it came from.
Check out the salaries of the 2 main people, especially Deans. I mean they have no income, so how can someone be paid half a million? obviously, shareholders keep giving them money to pay these ridiculous salaries.
Also, remember these loans are at 33 percent per annum. The interest has to come out of cash. The interest is effectively 40 percent per annum (cumulative) as it accumulates to the end of the year.
I suspect the LDA loan was like a round robin, where CLZ issues them shares at .0085 of a cent, ie a 15 percent discount to market. LDA then sells them on the market for a 15 percent profit to new investors. So CLZ is acting like a broker.
But i suspect it's all coming to a grinding halt now because they are like the boy who cried wolf too many times, nobody believes anymore the BS story about going into production. On-market sales of shares have dried up & LDA doesn't seem to want to give them any more money.
So 2 million from the last raise, less $300.000 for the Forestania payment to Hannans, leaves 1.7 million. which can go on super & wages & the Christmas party. So where is all the drilling & production at Kat Gap?
Also, i wonder if Hannans wanted to get out as they could see the writing on the wall.