IMO:
Look no further than Mr Lester for the strategy of capital raising by CLZ.
He was/is also the director of Archean Resources which we all know created a major fiasco.
This is an extract from:
https://www.classicminerals.com.au/team.phpMr John Lester
NON-EXECUTIVE DIRECTOR CLZ
Mr Lester started his career as a stockbroker with Joseph Sebag and Co in London. Later joining Jardine Fleming and Company – then Hong Kong’s biggest investment bank as chief dealer and became a Director of that company.
He was Head of Corporate Finance at Pembroke Securities in Sydney and later moved to Indonesia where he founded a paging company and several satellite and internet companies as well as arranging the underwriting of Jakarta’s first publicly listed mining company.
He joined the board of Golden West Resources Ltd and became Managing Director where he was responsible for the company raising more than $60 million from Asian investors.
He was Chairman of Yilgarn Infrastructure Ltd which was a major tenderer for building the Port of Oakajee having a fully funded bid with partners including China Rail, China Ports, Sinosteel Ansteel Bank of China and China Exim Bank.
He was a founding Director and Chairman of publicly listed International Coal Limited.