Ann: Update on Construction at Kat Gap, page-68

LDA are known for death spiral financing.
they are a last resort for any company

fact is clz has not been about to attract any reputable institutional investment in over 6 years. The local market is aware of how the compant is run and who runs it and the smart money stays away for that reason

you mention debt restructure. Good joke, they have been perpetually restructuring debt via issuing shares. So yes youre right, a consolidation is likely to happen again, as will further restructruing, diluting your investment from 150k to 1k

Projected income? They have no pfs, dfs. They have a tiny inferred resource (ie lowest confidence). Their gold recovery is below 80%. There is no information on strip ratio. It is reasonably safe to assume this thing will be loss making. But to clz it doesnt matter as it brings some money into the company that can then go out the door to the family related contractors.