CLZ classic minerals ltd

Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-5

  1. 4,029 Posts.
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    Before throwing any more shareholder money at them, we need a concise plan for how it's all going to work .There is talk of access to 10 million , but at the same time they talk of using the gold sold as currency for more mining . How is all this going to work ?. Are we just to trust them blindly to do the right thing ?
    Also in the quarterly it is noted they spent 16 per cent on servicing loans or capital -this is very high percentage, and might point to the parlous debt situation the company is in. Obviously the are hoping shareholders will subscribe for more shares to relieve these dire short term loans, which have become long term debt. The point has already been made that existing shareholders are a very long way from any return on their money .
    Just my opinion : Do Your Own Research.
 
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