CLZ classic minerals ltd

IMO:Exactly, I agree, many shareholders put BIG $ into this...

  1. 2,083 Posts.
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    IMO:

    Exactly, I agree, many shareholders put BIG $ into this expected something out of it much sooner (years ago!) and due to the many promises made which didn't take effect they lost value in their shareholding as the capital invested has no return whatsoever to shareholders , it's used to pay debts and total of approx $100M invested equates to assets of now of less than $5M minus $20M (estimated) in liabilities due.

    This is a low-grade investment (with outcomes less predictable than a poker machine), a company with golds resources than probably shouldn't have been attempted to develop, as previous companies overlooked the area due to the effort and total resources estimated at the time.

    Unless there's a major resource upgrade I can't see a profit ever being made.
 
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