mate you summed up thebCLZ operations and position perfectly I...

First 62 Last

Share
Profile

Follow
FIFOLife

435 Posts.

154

30/05/25

18:59

Post #: 79257781
Share

Originally posted by nightrayden: ↑

Let’s be real—“inferred” doesn’t mean there’s gold in the ground
It’s like Schrödinger’s cat: it might be there, it might not. It’s a geological guess at best, not a guarantee
And as for bankruptcy? They’re dancing on the edge of administration
Just look at the numbers from the ASX:
2023 revenue: $80,000
2023 net loss: $23.64 million
Prior 3 years: Annual losses between $13M and $16M
Total accumulated losses: Over $110 million
They failed to lodge their financials last year—what are they hiding?
Then the CEO resigns for “personal reasons” within two weeks of the Kat Gap sale, which brought in just $7 million
Based on YTD figures:
$4 million spent on operations
$7 million brought in from the Kat Gap sale (post-investment)
$3.65 million spent in financing activities
The cash burn is real
The revenue is a joke
The timing of the CEO’s exit? More than a little suspicious
If this isn’t a slow-motion collapse, it’s at least a flashing red warning sign

Expand

mate you summed up thebCLZ operations and position perfectly I couldn’t have said it better myself

CLZ Price at posting: 0.1¢ Sentiment: Sell Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

RC1

Redcastle teams up with Terra Mining to get revenue flowing at Redcastle Reef, Queen Alexandra projects

NUZ

This stock is crafting a cure for Huntington's – and it's making progress

Monday's HotCopper trends: 4DS falls short, $30B bid for Santos | June 16, 2025

ASX Market Close: Index treads water as Energy stocks surge | Monday June 16, 2025

First 62 Last

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.

(20min delay)
Last 0.1¢		Change 0.000(0.00%)		Mkt cap ! $2.790M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

mate you summed up thebCLZ operations and position perfectly I...

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Redcastle teams up with Terra Mining to get revenue flowing at Redcastle Reef, Queen Alexandra projects

This stock is crafting a cure for Huntington's – and it's making progress

Monday's HotCopper trends: 4DS falls short, $30B bid for Santos | June 16, 2025

ASX Market Close: Index treads water as Energy stocks surge | Monday June 16, 2025

Featured News

Featured News

mate you summed up thebCLZ operations and position perfectly I...

Top Stories

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Redcastle teams up with Terra Mining to get revenue flowing at Redcastle Reef, Queen Alexandra projects

This stock is crafting a cure for Huntington's – and it's making progress

Monday's HotCopper trends: 4DS falls short, $30B bid for Santos | June 16, 2025

ASX Market Close: Index treads water as Energy stocks surge | Monday June 16, 2025

Featured News

Featured News