Probably because 'they' want to milk it for as long as they can.
When companies are about to go belly up it's not often dignified.
Willuna Mining Corporation - WMC had 10M oz, they did a capital raise of many tens of millions and a few months afterwards went into administration. How would those shareholders feel? Absolutely shattered!
But you are right, the CLZ carcass is stinking and the maggots have started eating it away.
LDA Capital will help with the last phase.
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