There are no substantial shareholders in CLZ.
According to this link:
https://www.marketindex.com.au/asx/clz
Not even any entity with a holding at 5%
However if the CN’s are excised at some stage and they are held by a single entity that has the potential to change to something a LOT more.
I don’t think you can assume that any debt will be serviced by share issues unless more CN’s are created which may be the last remaining option for raising capital?
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classic minerals ltd
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