CLZ classic minerals ltd

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-31

  1. 1,309 Posts.
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    That's spot on too about what car is worth 250k required to get this sh..tshow producing & so important to the operation that the loan required a $30,000 establishment fee. I know nothing with this mob is about benefitting the shareholders or or actually getting this thing up and running,but wouldn't there be financial benefits/deductions for a company in just leasing a vehicle anyway. I bought into a mining company this week with about a 700mill market cap, sitting on over 200 mill cash and released their financials this week and they spent about 25mill on vehicles(not cars) but it noted that about half of those were second hand. So if a company that has the coin to buy new,but doesn't,makes that financial decision that a second-hand vehicle will serve their purpose just as good as new will,what genuine reason does this outfit have to pay more than double than what was required without question
 
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