PLC, exactly what has transpired here, has not been in the shareholder's interests. By selling their sole project & paying out the financiers & leaving 1.75 million dollars for the board to spend, what have the shareholders got to look forward to, some shares in what? & what does it own? , a Gekko & perhaps the mining rights over a lease another company owns, whoever the company is that owns the Two Ladies is. It looks like a liquidation. They just have to sell the Gekko & the game is practically over. The reasoning behind all this not has been explained to shareholders or ex-shareholders whose shareholding was virtually wiped out by consolidations. After Friday, if the Gekko is sold we know where the shell CLZ is going, it looks pretty obvious really.
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classic minerals ltd
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Ann: Notice of General Meeting/Proxy Form, page-243
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