IMO:CLZ the company that keeps raising capital for it's...

IMO:

CLZ the company that keeps raising capital for it's survival and into more and more spiralling debt.

At some stage the debt level will surpass the value at which the company will be supported by shareholders to raise funds, creditors to accept shares for payment and joint-ventures.

Maybe that time is getting closer, we'll see if the share issue that had been extended is subscribed to and if the GV funding occurs but I doubt they will be successful and will make it hard to roll that dice again.

Just think for for a while, with all announcements they make while appearing to look promising: Bonanza Grades, High Grade Intercepts, Shallow Reserves, Joint Ventures, Toll Processing, Gekko Processing, Fast Track to Gold Production (years ago) and let's not forget the over 1000 ounces gold mining supposedly!

Why haven't the management put a lot of their own $ into shares of CLZ to give confidence to the market?

Probably for the same reason the market and shareholders have not been supporting CLZ as much with capital raising and supporting the SP especially after share consolidation.

The reason/s are either that they do not have the capability to manage the mining operation from explorer to producing and/or the announcements are different to the actual reality!