OK, some of what you say may be true but just having gold or a...

OK, some of what you say may be true but just having gold or a great business ideas does not guarantee success and make a business profitable.

If anyone thinks they are not in debt hasn't been paying too much attention to the financial reporting and continuing need to raise capital and now at a critical stage they will be less likely to have market support due to the SP tanking after consolidation.

After CN's and "Loyalty Options" what are the next steps in raising finance?

I can see CLZ using up the $5M in credit facilities and maybe issue more CN's at worse conditions than before.

IMO their balance sheet now shows their liabilities greater than market capital or asset value.

If they go into admission who is their largest creditor and will they be interested in taking over the mine?