CLZ classic minerals ltd

Ann: Proposed issue of securities - CLZ, page-35

  1. 4,006 Posts.
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    It is amazing, how they can continually find new sucker investors, and burn one after the other. But they are back to shareholders this time, and I agree they must indeed be desperate because it is highly unlikely shareholders will finance their processing. They got it ready for small-scale processing, but they still going to need a lot of money to undertake that as it will cost a lot. They are not even at the stage of sample refining. At this time I think they are broke carrying significant debt and look to have run out of non-stock market financing.
 
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