CLZ classic minerals ltd

CLZ is not a gold miner, it is a share-issuing machine. But...

  1. 4,002 Posts.
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    CLZ is not a gold miner, it is a share-issuing machine. But directors don't want to own the shares . Any freebie shares they get they sell on the market ASAP, They have not subscribed for any shares with cash except for 50K one director subscribed for in the last cap raise . The whole thing is dependent on share sales on the market which have now dried up to a trickle. People buy the shares because they think they look cheap. and they believe the gunna do this & gonna do that. The Gecko seems totally uneconomic. Why have they been unable to produce any gold - only two amalgam bars
 
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