CLZ classic minerals ltd

IMO:Who will benefit the most if CLZ becomes insolvent?From the...

  1. 2,083 Posts.
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    IMO:

    Who will benefit the most if CLZ becomes insolvent?

    From the company announcement over 2 years ago when the Gekko was purchased:

    "In order to provide an immediate revenue stream, Classic has also commenced negotiations to toll treat any initial parcels of ore from Kat Gap, while the full-scale plant is configured to suit Kat Gap ore."
    • Fully refurbished to new condition (Not fulfilled)
    • On track to set-up, commission, test and then process gold rich ore (Not fulfilled)
    • Commence production as soon as mining approvals (Not fulfilled)
    • Toll treat any initial parcels (Not fulfilled)

    Page from announcement regarding the Gekko purchase:

    https://hotcopper.com.au/data/attachments/4634/4634938-d5a865c8b6849fb3de662a6ce7096248.jpg
 
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