Classic Minerals (ASX:CLZ) jumps 100pc on oversubscribed placement, page-29

Well for me the fact they have oversubscribed their last 2 CR’s means there are enough people in the know who can look past criticism of management and acknowledge there is a damn lot of gold there at near surface. The MC on this is ridiculous when you consider how much gold they have. Forget the SOI, they will consolidate at some stage, it’s the MC that counts. I didn’t even get a look in this last placement and I’m a top 10. Even though they were at .001 it’s still hard earned and people wouldn’t pay if they weren’t going to make money. Just waiting for those approvals which must be close.