Ann: Classic secures $10 million to take Kat Gap to production, page-166

It just goes to show how desperate CLZ were at trying to organise funding. IMO if this goes ahead it will be for the benefit of GV mainly and of course all CLZ management and contractors and related parties will benefit, but what will go to shareholders?

My guess very little if anything left.

The biggest issue is still the quality and quantity of the KAT GAP resource or are they intending to continue this process for all the other resources with GV in the future? It probably costing more than the 33% they are already paying to service debts?

Anyway up to 4 months to wait, anything can happen in the lead up if proper due diligence is performed, CLZ are overdue with ASX reporting, was it delayed intentionally so that new shareholders are kept in the dark in relation to current total liabilities?