CLZ classic minerals ltd

Ann: Proposed issue of securities - CLZ, page-13

  1. 2,003 Posts.
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    ”there won’t be another chance” Bahaha, in case you hadn’t noticed, over another billion “chances” were announced this afternoon, with a lot more “chances” to come IMO.
    ”frenzy happening ATM” Bahaha, the sell side at .1c has remained stable at 1.6 billion for months. The only “frenzy” is keeping track of the constant supply of new shares.
    Let’s say they finally refine a “pure” 1kg gold bar (not the rubbish they have currently). That’s worth roughly Aud $92,000. $92,000/8bill = 0.0000115/share. Don’t spend it all at once! I haven’t taken costs out of that either.
    Now consider the 150:1 consolation x 32 (number of shares now 8bill divided by shares after consolidation 250mill) which equals 4800 (the number of times your initial investment has been devalued or to make it easy to understand a $150 investment prior to consolidation would be worth 3c now. Now that according to management is creating shareholder wealth!!!

 
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