Australia's largest stock trading and investment forum Australia's #1 stock forum

CLZ

Click for more information

0.00%

0.1¢ classic minerals ltd

Ann: CLZ Divests 80% Lithium Rights To Concentrate On Gold Mining, page-35

First 35 Last

Share
Profile

Follow
yoyo1212

2,836 Posts.

335

16/02/22

16:36

Post #: 59615651
Share

Originally posted by Bigdude65: ↑

Let me decipher this into 1 of many possible scenarios using past knowledge and CLZ lingo.

I suspect it has been discovered that Kat Gap has been found to be rich with lithium and not so much with Gold.
I suspect Tribitrage Holdings ( very, very new company) will be owed by a family member or good friend without a traceable connection to any of the board members.
I suspect that 300K will not actually swap hands.
I suspect Tribitrage Holdings, not ASX listed, will not have to explain to anyone there expenditures and are supposedly paying 80% of costs.
I suspect CLZ, only paying 20% of costs will send a few rocks off for testing here and there to maintain the illusion.
I suspect that If they find lithium and eventually mine it, well over 80% of lithium found will go to Tribitrage Holdings.

But thats Just what I suspect, no reason for you guys to think the same.

Expand

Illegal phoenixing activity?

CLZ Price at posting: 0.1¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

Reply

Top Stories

FRB

Firebird snaffles Environmental Permit for Jinshi plant

FBR

FBR's robotic home construction tech passes first US early-stage structural compliance check

GL1

Global Lithium latest hit by lithium downturn; shares fall -10% as Manna DFS paused

DUR

Duratec snags $76.5M in works from Woodside and Defence respectively - including spy network upgrade

SDF

Steadfast Group sees $600M wiped off on resumed trades after Four Corners feature

There are more pages in this discussion • 87 more messages in this thread...

First 35 Last

Add CLZ (ASX) to my watchlist