Ann: Classic undertakes Rights Issue and Prospectus, page-3

Funniest thing I’ve read for a while:
“The company directors have always been at the service of shareholders and have worked tirelessly to add value to shareholders in the pursuit of transitioning Classic Minerals Ltd from an explorer to a producer. ”

So they want you to pay 1.6c for more shares and a fantasy 10c option. And it’s only partially underwritten for 50% of the shortfall. IMO shares will be available on market under 1.6c very soon. Can’t see how they will raise much here. They must be even more desperate for cash than usual.