CLZ 0.00% 0.1¢ classic minerals ltd

Garf , where is the evidance that anything has happened at Kat...

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  1. 3,297 Posts.
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    Garf , where is the evidance that anything has happened at Kat Gap in the last 12 months - where are the reports to market .
    They have been flat out creating shares, capital raisings , convertable notes, converting convertable notes to shares, servicing company loan interest payments at 33 per cent per annum, paying Deano 40 thousand dollars per month, paying the rest of the board , 3-$400,000 per year.
    But where is the company's income, coming from, except all these financial deals . Where is the gold production?

    It's a circus, deals with AuResources, Still , Whead. They can't go on , financially burning the world.
    Nobody can understand what the hell is going on.

    Except shareholders know that 99.983 per cent of their shareholding was destroyed with two huge consolidations.
    My 60,000 shares was turned into 8 shares.$500 was turned into one cent.

    How can a company have a market cap of $700,000 and over 92 million in accumulated losses , and be servicing 15 million in loans.

    And morgaging the company into the future by trying to borrow $6o million dollars.
    It's a totally debt ridden basketcase.
    It has no business, apart from raising money -talk about living on the credit cards
 
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