I hate to be the eternal pessimist, but it seems to me that: -...

I hate to be the eternal pessimist, but it seems to me that:

- These guys purchased Doherty's for $80k + some shares (from their cronies at GWR)
- They have spent only $250k on it to date (surveying etc)
- They are now selling it for $4m cash + royalties

Something seems odd...would you pay 10x a prior transaction value for no extra knowledge? In theory the purchasers know nothing more than what CLZ did when they bought it off GWR.

Just a hypothetical for discussion; Would it be possible for this to be a related party transaction to extinguish the debt on the CLZ books? In theory this would free them up to raise more cash before 23 June, and then if the Doherty's deal happens to fall over, CLZ have 3rd party investor's money in the bank once again. Again, just a hypothetical.

Otherwise, this appears to be a stonking deal and they have pulled one out of the hat. Let's wait and see...

CB