Gday
Well i think you answered your own question there matey. they have to pay their bills and if creditors will accept shares then its easy to understand why classic wanna keep their cash, perth is only a small city and the covid impact to the interstate investors would definitely close some wallets.
and i spoze it always looks like a huge amount when the SP is this low but as you say a reconstruction and some cash flow positive production classic looks like a winner from here, if all they are waiting is the licence and approval.
so yeah Blah blah but im happy to hold till after christmas bloody hell we're in September already.
good to chat.
thanks GG
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