CLZ 50.0% 0.1¢ classic minerals ltd

Ann: CLASSIC AGREES FACILITY TO FUND PROJECT DEVELOPMENT, page-116

  1. 327 Posts.
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    7.36 billion shares on the market.
    533 million shares issued TODAY, plus options outstanding from previous raises and dept raising efforts not accounted for in these numbers.

    Nearly 8 billion shares as of tomorrow. 17 trades today, at time of post totalling $28k of investment.

    Market cap is $12.4mil.

    EBITDA 2019 to 2023 = -$52.28 million

    I think, and you should definitely check my maths, we need a minimum of 7.2 to 1 consolidation to get us to about 1 billion shares on market, then all that needs to happen is market sentiment to change completely about this company so the price doesnt tank back to 0.001c within a week or two like last time. AND management have to resist the urge to release more shares immediately.

    Id be curious to know if anyone has the time frames from the previous consolidation to firdt cap raise, issue of securities, and drop back to 0.001c.

    If I were even remotely considering this company I would seriously consider waiting until after the next gm, consolidation, and marker point for deal with AusR AG. At least one of these things could either cut your investment by half, or potentially, cost your entire investment if clz dont hit the targets agreed to in funding project(seems likely based on historical experience).
 
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Last
0.1¢
Change
-0.001(50.0%)
Mkt cap ! $756K
Open High Low Value Volume
0.2¢ 0.2¢ 0.1¢ $9.588K 6.011M

Buyers (Bids)

No. Vol. Price($)
137 323771597 0.1¢
 

Sellers (Offers)

Price($) Vol. No.
0.2¢ 62926441 11
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
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