Ann: Proposed issue of securities - CLZ, page-68

First 68 Last

Share
Profile

Follow
bungalowbill

4,009 Posts.

779

14/09/22

14:16

Post #: 63695370
Share

Originally posted by lindentree: ↑

Buylow123...JV is not a lie?No body has to lie.

In October 2021 Kingwest announced a JV to mine the Yunndaga underground. The deal was for Focus to mine about $450 million worth of gold over 5 years, giving KWR 40% of profits after cost. A company maker deal. Their share price nearly doubled over the next 5 or 6 weeks, but when deadlines for signing the JV weren't met, they delayed and delayed but didn't announce that the JV wasn't going to happen. Shareholders and locals had to hear through the grapevine that Focus due diligence was negative. Shares slid back to where they started from (without any official announcements) and KWR made a low key announcement many months later, tacked on to some positive news about something else.

The point is that KWR appeared to be very positive (practically jubilant), about the deal, even though they had equal or better knowledge about the ore bodies than Focus. Did they know that the probable results of a due diligence, did they communicate that negative possibility to the shareholders, Yes they did, in the fine print. But who cares about the fine print, it's the leader headline that pumps the share price.

KWR did not lie. CLZ doesn't lie. It's just a matter of where they put the emphasis and wording of their announcements to create an impression things are done deals and the money is as good as in the bank. When in fact it's just a pile of worthless paper.

Here, in the case of CLZ, half the commenters (who dont really know CLZ's history) wrongly assume that the money coming in is new money from a cashed up financier. The other half think it's just recirculating insider money, or giving a chance for insiders to cash out.

Expand

Great Post Linden , so where do you think we stand here now . Do we just wait months for due diligence to see if the deal with GV is going ahead . What about trucking ore 120 K round trip and will they assemble the Gekko ? So many maybes & unknowns DYOR

CLZ Price at posting: 2.2¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

SPN

Sparc opens small-scale green H2 plant in SA, but liquidity dried up

Virgin joins Greatland, VBX Ltd as IPO market heats up ahead of FY26

MTS

'Outperforming' Metcash books profits lift – even as illegal tobacco rocks sales

ASX Market Close: Virgin soars on IPO | June 24, 2025

First 68 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 0.1¢		Change 0.000(0.00%)		Mkt cap ! $3.017M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Ann: Proposed issue of securities - CLZ, page-68

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

Sparc opens small-scale green H2 plant in SA, but liquidity dried up

Virgin joins Greatland, VBX Ltd as IPO market heats up ahead of FY26

'Outperforming' Metcash books profits lift – even as illegal tobacco rocks sales

ASX Market Close: Virgin soars on IPO | June 24, 2025

Featured News

Featured News

Ann: Proposed issue of securities - CLZ, page-68

Top Stories

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

Sparc opens small-scale green H2 plant in SA, but liquidity dried up

Virgin joins Greatland, VBX Ltd as IPO market heats up ahead of FY26

'Outperforming' Metcash books profits lift – even as illegal tobacco rocks sales

ASX Market Close: Virgin soars on IPO | June 24, 2025

Featured News

Featured News