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0.1¢ classic minerals ltd

Ann: More High Grade Gold Intercepts - Kat Gap, page-105

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23/08/22

20:47

Post #: 63279933
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Originally posted by bungalowbill: ↑

In my opinion: I believe this is where we need to keep a focus, it's only the very meager ASX reporting requirement that gives a token insight into the company machinations. If it is felt the share price has bottomed there may be a significant conversion of Convertable Notes into shares. There may be a bounce. Obviously, there are still a lot of people hoping to make some money out of this

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Yep, there are specific ASX disclosure and company control rules that are determined by percentages of shareholder ownership.

Here’s a website with that information:

https://content.allens.com.au/the-allens-handbook-on-takeovers-in-australia/shareholding-thresholds/

So when/if the CN’s are converted you can see each threshold met.

CLZ Price at posting: 2.1¢ Sentiment: Sell Disclosure: Held
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