What a joke. $219k on admin, $94 on exploration (and I bet that went on payments to family related companies) and $122k on finance costs. $56k left in cash at quarter end.
They got $500k as a deposit on Doherty's. Burnt through that. Accelerated appear not to have met the letter of demand for the remaining $3.5m. What a mess. Shame on management for how they have disregarded their responsibility to maximise shareholder value.
They'll be in administration before end of 2016 and no one should invest in any company associated with anyone of the current CLZ management in the future.
Disgraceful.
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Mkt cap ! $3.017M | |||
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| CLZ (ASX) Chart |
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