CLZ 0.00% 0.1¢ classic minerals ltd

Ann: Proposed issue of securities - CLZ, page-39

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  1. 939 Posts.
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    thanks night and bionic for your kinder words , i ask myself if they had no gold why announce they have produced any at all just to sell a couple hundred million shares at .001 i doubt it , if they had no gold , then why build a plant at all , why a giant tailings dam , we know co had finance issues as in could not access any , and the model chosen to finance is not ideal but they have built a plant and began processing material , i am confident bod has made sure that they will come out of this ok , question is as sh how do we , i dont think the metrics have changed that much since i bought in im down 66% and not exactly happy but i still see a co that against all odds are processing gold and if you add the value up of a working plant , the claimed recources , the leases , the added potential on said leases that alone says mc is cheap and nased on this then this might , might !! have a decent shot at returning my investment and some , as far as long term sh go it is very unlikely to ever go high enough again to fix that problem , im sure there are some that would have averaged down at .001 and remained silent about it , its easier to lose money quietly then publicly , but the co is getting things done more now than ever before i think , so if you can stomach it , a small position now at .001 could see you get a return , that can not happen for everyone , depends on how much you have in it already and your risk reward exposure limit , too me the reward seems to outweigh the risk

    i wish all holders well and some of us will get to have a giggle at others here soon enough i think , no offense intended , maybe , ill be the one everyone is giggling at , and that will be fine , but maybe just maybe the co can do something special yet

    many cos on asx look and look for recources for decades then switch from 1 recource to another and the game goes on and never produce a thing , i hope clz is not one of them , i hope they are about to break the mold

    fingers crossed and good luck all , its always darkest just before the dawn ,,, dyor imho
 
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