CLZ 0.00% 0.1¢ classic minerals ltd

Hi GOLDENGUN, In your opinion would all the shares being issued...

  1. 29 Posts.
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    Hi GOLDENGUN,
    In your opinion would all the shares being issued make sense for the amount of outstanding debt from recent projects?

    It's a bit hard to make a judgement when it is not specific about what work was done by each entity.

    If we keep having a minimum %15 increase of shares on issue each year this stock will never take off but if share issuing stops and a consolidation happens once a half yearly report comes out with positive cash flow from gold production the company is still in a very attractive position given the current market cap compared to gold reserve.
    Just my opinion but I will be holding untill we hear about mining lease and cultural sites.

    Cheers and always DYOR!
 
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