CLZ 0.00% 0.7¢ classic minerals ltd

It dropped from 1.7 to 1.3 ie 34 percent. Someone dropped a...

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    It dropped from 1.7 to 1.3 ie 34 percent. Someone dropped a million shares equivalent to 50 million pre-second consolidation and seven and a half billion pre-both consolidations. It just depends on what is out there now, as to whether or not it will fall further. The newbies buy-in- hoping it will rise . They will sell if there is consistent selling, through fear of getting stuck in there for 6-12 months .. It's been diluted so much that to sell a million to net $1500 - one would need to hold 50 million shares pre-second consolidation. So it's only for insiders or tax-loss small shareholders. I am a pre-consolidation shareholder and i have been diluted to 8 shares worth 13 cents. Tip, sell while there are buyers there, you need to sell to claim a tax loss.
 
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