IMO:
The Archean Resources fiasco is hardly going to instil confidence in this company by the market.
What are the other actions by CLZ for which they haven't been caught out yet?
After large debts now due and much needed capital to get the infrastructure for and including the Plant, there is definitely going to be more capital needed.
Just can't see the market supporting CLZ yet as many holders will choose to exit because they have a chance after consolidation and those CN's holders may try to get the $ back ASAP at between double their money and at cost which certainly won't help the SP either.
Can't see much market support until gold bar/s are produced and when is that going to occur?
According to their original SPIN a few Xmases ago!!!
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Mkt cap ! $3.017M | |||
| Open | High | Low | Value | Volume |
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| CLZ (ASX) Chart |
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