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0.00% 0.1¢ classic minerals ltd

Ann: GOLD RESOURCE UPGRADE AT FORRESTANIA GOLD PROJECT, page-111

  1. lindentree
    588 Posts.
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    22/06/24
    20:23
    Post #: 74441245
    at the moment creditors are owed about 16mill, while the market cap is 1.1mill, so if all creditors converted their credit to shares they would hold 93% of the company..,game over.


    probably the only reason they haven't privatised is they can see one last opportunity to raise more capital on the open market
    CLZ Price at posting: 0.2¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch. 2  Great analysis
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