CLZ 0.00% 0.1¢ classic minerals ltd

Look at their history. They destroyed 99•983 % of their...

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  1. 3,297 Posts.
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    Look at their history.

    They destroyed 99•983 % of their shareholders money with two consolidations.
    After destroyng their sharehilders equity , they are now trying to raise 2 million dollars from their shareholders . Last time they did this they said they were going to mine Kat Gap .They ended up processing 10 per cent of what they dug up & left the rest in a rom pad and just kept the rest of the money.

    Whilst paying 33% on loans for over 10 million dollars for year after year, they are in the process of paying out $400,000 for two mining leases.
    They donot report any mining at Kat Gap, but they claim they are going to do some more drilling there.

    They seem to be very busy trying to do deals with local and overseas investment companies.
    They talk about 'working tirelessly for there shareholders'
    The question with this company is why would anyone risk a dollar with them, when they have spent the 3 years producing around 46 billion shares & then cancelling them via consolidations.
    We wait with interest on the outcome of the capital raising.
 
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