CLZ classic minerals ltd

OK , weren't AU Resources originally to pay a milluon up...

  1. 4,158 Posts.
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    OK , weren't AU Resources originally to pay a milluon up front as a pre deposit? Then the balance of the 10 million.
    Somehow it got varied to $100,000 which CLZ now claim to have received.

    Interestng how this is enough to pay the Forestania deposit .
    CLZ still has to come up with another $350,000 balance payment on Forestania .
    Guess they are hoping to pay this with shareholder funds from cap raising.
    I guess the next step is to see if they can get the cap raising over the line .
    The decimation of shareholder value was trecherous via the consolidations .
    I think CLZ credibility is in the toilet. I note the share price fell 33 per cent to two tenths if a cent on the announcement to market . .
    I personally wouldn't give them my used toilet paper.
    Anyone risking their money with them , after what they did to their shareholders, is crazy.
 
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