CLZ 50.0% 0.1¢ classic minerals ltd

My favourite comedy of the year. A couple of highlights listed...

  1. 193 Posts.
    My favourite comedy of the year. A couple of highlights listed below.



    - Passaris on $5k / week ($250k pa) consulting fee (remembering he was previously gifted $300k in a loan written off by the company). PAGE 10

    - Daddy Doutch paid $390k for "consulting services" PAGE 12

    - $200k pre-payment of drilling to Daddy Doutch still not used, and the company that was paid (Denarda) has now been deregistered. PAGE 37 LOLOLOLOLOLOLOLOLOL

    -Trade payables & accruals of $2.4M. HOW THE F ARE THEY GOING TO PAY THIS?! More debt? Death spiral funding to Stock Assist?

    - Key Audit Matter highlighted by Bentleys: "Given the number of material related party transactions occurring throughout the period, there is a risk that these transactions are not identified and disclosed."
 
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