Correction : There is no plant at Kat Gap capable of full scale...

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bungalowbill

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11/05/24

11:44

Post #: 73776118
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Originally posted by bungalowbill: ↑

But gold mining is not their focus, rather their focus is raising money for salaries by issuing shares, paying for work done by issuing shares below market price & getting money from brokers and financiers by issuing shares below market price & directing them to sell them on the market to make a profit . Initially, they did multi-million capital raisings from shareholders, claiming they were going to start mining, but rather they sampled them and stopped. They claimed they were going to buy the processing plant that has been hardly used & now acknowledged. need big money spent on it to use it for mining Also, they borrowed many millions and they have been paying 33 percent interest on it for years. Most loan principles would have been paid off in interest, the others they encouraged to swap for shares & to try to get the money back from the share market .. But sales have died up on the market, even after diluting the shares by a factor of 7,500. Many people got caught in the selling cue when they did the two big consolidations & lost a lot of money. So many people have been caught that Comsec was not charging people to sell their holdings which were often only worth a few cents after the two big consolidations. They were forced to seek money via financiers, but that dried up, so somehow they claim to have found this gold for the gold token swap. But no monies have been acknowledged as having been received as yet. Is it a surprise that they do not answer their phones? Wait and see if they get the million pre-deposit, but wait for the other 9 million deposit - because seriously who is that stupid? In this market, Kat Gap is a liability, not an asset & I doubt it could be sold for anything, as there is no plant there, that is, there is no means of making money there. Kay Gap is a theme park, used to attract money.

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Correction : There is no plant at Kat Gap capable of full scale mining , only a Gekko plant suited for trial mining sampling

CLZ Price at posting: 0.7¢ Sentiment: None Disclosure: Held
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Correction : There is no plant at Kat Gap capable of full scale...

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Correction : There is no plant at Kat Gap capable of full scale...

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