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Ann: KAT GAP Bulk Sample Exceeds 1000 Ounces, page-375

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ProCapitalism

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18/06/22

20:19

Post #: 62074472
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Originally posted by lindentree: ↑

melburnian: 215 sellers for a total of 1 billion shares is a very telling stat. If you disregard the sellers at 0.002 and above , (these are not really serious sellers) then the average seller is offering less than 5 million shares.

This is a total of about 3% of the company. So the disenchanted forumers here do NOT really represent the over all sentiment of the holders and probably have absolutely zero effect on the market. Judging from the number of creditors who are accepting shares for services, they obviously see some light (gold) at the end of the tunnel. Creditors know the SP will probably halve to about 7.5c after the consolidation, but that doesn't mean they are happy to accept half their invoice value. By accepting half value now they are enabling the company to become a producer and benefit from the future upside of full value and more. Everyone knows share prices go up when the company starts producing, right?

To any one who thinks the company is going to lose money at 4.8grams in a shallow pit they dont know anything about mining. They can make money on 2grams trucking it to Marvel Lock and paying rip off prices to someone else's plant.

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I'm with you, great post.

There's some nice gold down there & we don't even know how much.

CLASSIC MINERALS LTD (ASX:CLZ) - Ann: Deep High Grade Gold Intercepts Continue at Kat Gap, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

CLASSIC MINERALS LTD (ASX:CLZ) - Ann: Infill RC drilling delivers more high grade gold intercepts, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

CLZ Price at posting: 0.1¢ Sentiment: Hold Disclosure: Not Held
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Ann: KAT GAP Bulk Sample Exceeds 1000 Ounces, page-375

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Is oil undervalued?

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Westgold sets its sights on top five producer status through merger with Karora

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Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

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Ann: KAT GAP Bulk Sample Exceeds 1000 Ounces, page-375

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