CLZ classic minerals ltd
Add to My Watchlist 0.00% ! 0.1¢

Classic Minerals - Payments to Related Parties, page-56

  1. tipster
    2,083 Posts.
    lightbulb Created with Sketch. 323
    clock Created with Sketch.
    27/07/22
    09:21
    Post #: 62745928
    Exactly,

    If CN's are not converted then they remain a liability as they maintain face value of $25k if not redeemed.

    If CN's were purchased by a single entity/party they will become one of the BIGGEST creditors if CLZ became INSOLVENT.

    IMO: The CN's are a desperate measure for capital given the skewed benefit to the holder.
    CLZ Price at posting: 3.9¢ Sentiment: Sell Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS Profits after tax down -88%, and shares rocket – what's going on with Collins?
right-arrow Created with Sketch.
NEWS Red Mountain to map, sample Quartz Reef after landing big alluvial nugget haul
right-arrow Created with Sketch.
NEWS How Do You Trade? Take Our 1-Minute Survey & Share Your Style
right-arrow Created with Sketch.
NUZ Liquid Formulation of NUZ-001 Developed to Improve Patient Access and Experience
right-arrow Created with Sketch.
NEWS Many Peaks accelerating gold hunt in Côte d'Ivoire after assay 'justification'
right-arrow Created with Sketch.
NEWS Sparc opens small-scale green H2 plant in SA, but liquidity dried up
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist
(20min delay)
Last
0.1¢ 		Change
0.000(0.00%) 		Mkt cap ! $3.017M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0
CLZ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.