CLZ classic minerals ltd

Ann: Application for quotation of securities - CLZ, page-131

  1. 4,045 Posts.
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    As far as the Gekko deal goes, that was purchased by a related party on behalf of CLZ and then paid for in full including refurbishment: Possibly more money may have been made on this deal than what the Gekko actually cost. Didn't the company pay around 6.5 million dollars upfront in total? Why wasn't this payment split half now & half on delivered & demonstrated condition? This transaction requires investigation. Shareholders need to know if this second-hand equipment is 'fit for purpose',
    - given that the company purchased it some 18 months ago and has not used it to date.

    Last edited by bungalowbill: 28/08/22
 
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