There's a lot to digest here.
starting with the obvious in no real order
1. 10m on drilling this year alone.. for not even 100 infill holes
2. Where's the costs for the operations and mining? These financial reports are surely not showing costs accurately by their nature
3. Huge working capital deficiency, how can they say they are solvent?
4. Dean got another $75k vehicle for free
5. Huge debt with interest constantly compounding
6. Incredible transaction costs associated with said debt.. insane..
7. 2 new shareholders with more than 5% holding as of 27 September. Yet no notice of substantial shareholder notice published on the asx. Another stuff up by madhu. I'm sure he's reading this so I expect to see that one soon.. asx likely will raise the query shortly, I will email asx to make sure they do.
8. Chloe owns .89% of the shares with her mum owning also .89%.
more to come later I'm sure
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classic minerals ltd
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PARADIGM BIOPHARMACEUTICALS LIMITED..
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