CLZ 0.00% 0.1¢ classic minerals ltd

DaftGarf, the family gravy train just keeps rolling on, Deano...

  1. 3,044 Posts.
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    DaftGarf, the family gravy train just keeps rolling on, Deano goes out and commits the company to Forestania, whilst he can't even get mining going at Kat Gap. Rolling over debt at 33 percent per annum. Once again issuing shares like confetti. That abandoned hole he is trying to buy is going to be another giant money pit. When is the consolidation planned for? They treat everyone like they are fools .
    They claim to have produced a million of gold that probably cost 2 million to extract, which is why they don't try to process anymore, in the not-fit-for-purpose useless Gekko.
    Since the last consolidation, people are down 90 percent on their shares.
    They treat everyone like they are idiots, shareholders, financiers, and brokers. Everyone has been burnt. Way over a hundred million dollars has been poured down this big black hole of CZL - nobody knows how exactly much.
    The last capital raising was around 2 million & that;'s what the market cap is. It is a debt-ridden shell with unsustainable commitments. No wonder they don't answer their phones.
    Why do you think the share price is collapsing? , because they continually issue shares & people rush to market to get what they can.
    CLZ is a perpetual share-issuing - -consolidation machine that preys on peoples' gullibility You are delusional & cannot see the reality of the situation.
 
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