Would you buy a piece of equipment, if you didn't test it first to see if it was fit for purpose? Wouldn't you lease it to establish if it works? Rather they bought it for many times its cost from a company headed by a 19-year-old teenage female, straight out of school. that was its sole director. Shareholders never actually found out what the Gekko was purchased for. they just obtained a valuation . But wasn't the total contract for around 5 million dollars including resiting and refurbishment conducted by an uncle? Gold Processing Equipment is currently being wound up.
So they did a cap raise to buy the Gekko, dug up a heap of ore, and processed around 10 percent of it with the Gekko. But the most amazing thing is that people kept giving them their money.
- Forums
- ASX - By Stock
- CLZ
- AuResources advance 1st payment
AuResources advance 1st payment, page-58
-
-
- There are more pages in this discussion • 146 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
CC9
Chariot Corporation (ASX:CC9) refines Black Mountain strategy, launching Pilot Mine to seize U.S. lithium opportunity
Add CLZ (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.544M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
NEWS
Antler Copper Project hits major permitting milestone – air quality permit advances to final review
CLZ (ASX) Chart |
Day chart unavailable