CLZ classic minerals ltd

0.00%

0.1¢

It’s part of CLZ’s spin, full of half-truths and ambiguity and...

First 72 Last

Share
Profile

Follow
tipster

2,083 Posts.

323

14/09/22

14:30

Post #: 63695768
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

It’s part of CLZ’s spin, full of half-truths and ambiguity and ever moving deadlines and goals.

Take WMC, spinning good news to the last minute and going into administration a few weeks after a capital raise.

Look at their website title:

Building and Operating Profitable Mines:
https://wilunamining.com.au/

My condolences to any holders that were caught out!

CLZ Price at posting: 2.2¢ Sentiment: Sell Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

SRL

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

'Not possible' to port renewable gas: ACCC takes AGN to court

ASX Market Close: Index creeps lower as half-year mark approaches | June 26

PAR

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

ASX Market Open: IPO hype, Wall Street ATHs push Aussies into green hope | June 27

OCC

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

BPH

Australia’s gas crisis is here – and dying coal plants aren’t helping

BOE

Boss extends June win streak with boosted Alta Mesa extraction rates

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

First 72 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

It’s part of CLZ’s spin, full of half-truths and ambiguity and...

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

'Not possible' to port renewable gas: ACCC takes AGN to court

ASX Market Close: Index creeps lower as half-year mark approaches | June 26

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

ASX Market Open: IPO hype, Wall Street ATHs push Aussies into green hope | June 27

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

Australia’s gas crisis is here – and dying coal plants aren’t helping

Boss extends June win streak with boosted Alta Mesa extraction rates

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

Featured News

Featured News

It’s part of CLZ’s spin, full of half-truths and ambiguity and...

Top Stories

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

'Not possible' to port renewable gas: ACCC takes AGN to court

ASX Market Close: Index creeps lower as half-year mark approaches | June 26

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

ASX Market Open: IPO hype, Wall Street ATHs push Aussies into green hope | June 27

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

Australia’s gas crisis is here – and dying coal plants aren’t helping

Boss extends June win streak with boosted Alta Mesa extraction rates

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

Featured News

Featured News