CLZ classic minerals ltd

Ann: Notice of General Meeting/Proxy Form, page-7

  1. 1,189 Posts.
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    does that mean they have no intentions of doing a share consolidation until at least 2024

    No it does not mean that. They can do a consolidation any time they want, and when they do, the price of the options will be adjusted accordingly.

    However, I doubt we'll see a consolidation any time soon. When management issue all these free/0.1 cent shares to themselves they can sell them for an almost guaranteed return of 50% (0.15 cents)! That in itself is a huge gravy train and would remove any desire to do a consolidation, e.g., if they did a 100:1 consolidation and the SP held at 10 cents they could sell at 10.5 cents at best, so only a 5% return. No, the current share price is management and friends' ticket to riches.

    All IMHO.

 
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