CLZ classic minerals ltd

  1. 4,048 Posts.
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    Very similar to BLK Blackham Resources- 3 capital raisings &100 to one consolidation, then name change to Wiluna Mining - then 3 cap raisings - then delisted 3 weeks after raising 60 million. CLZ is a hybrid investment, it is no longer just a share in a mining company . The share price is dependent on a series of variables, this was done off-market. That is, off-market investors were able to take a controlling interest in the company, without marking an on-market takeover bid. That is the shares were effectively stolen. When the announcement comes that the company has new owners, we might find out who owns the CNs- because as Punter has pointed out, they are going very cheaply now

 
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