CLZ classic minerals ltd

Those accounts don't look as bad as they are, due to a 2.4...

  1. 4,002 Posts.
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    Those accounts don't look as bad as they are, due to a 2.4 million capital raise injection. Borrowings cost them $485,000. it's not about producing gold, it's about the cost of producing gold. So what do they think they are going to get another 2.4 million next quarter to balance the books? It's all about selling shares on the market, issuing shares & consolidating. Smoke & mirrors, 2.4 million came in from capital raise & they only sold gold worth $485K.So it looks like they actually lost 2 million
 
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