CLZ 0.00% 0.1¢ classic minerals ltd

You wont be far off but I don't think it will go that low. Post...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,962 Posts.
    lightbulb Created with Sketch. 448
    Nah mate not my source, never heard of this mob.
    You wont be far off but I don't think it will go that low. Post consolidation and prior to any more share issues (of which I am guessing there will be plenty, in fact I'll change my prediction for a quick ramp up to 500m from my earlier prediction of 400m) there will be 206,830,977 SOI. The equivalent post consolidation SP vs pre consolidation of .01c is 15c giving a MC of $31m. We all know that MC is false due to the continual issue of shares whilst minimum tradeable SP was locked at .01c so I would expect that it will drop to 5.0c from the theoretical 15c. But given investors have been locked into this as there has been no way of getting out since some BIG holder wiped out the 2b bids on offer at .01c in one foul swoop, they will be running for the exits to get their capital loss for next year. As such SP could even be driven down to a $5m MC or 2.5c BEFORE it settles back up around 5c or $10m MC - after that I am hoping that a rabbit is pulled out of a gold hat, or a gold pig flys.
 
watchlist Created with Sketch. Add CLZ (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.