CLZ 0.00% 0.1¢ classic minerals ltd

News: CLZ Classic Minerals Says Agreed Facility To Fund Project Development, page-5

  1. 2,103 Posts.
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    Correct.. this is not only our Share holding but also major Shareholding + Internal + LDA Capital

    most important takeaway / Query from my side at least..

    1. Is the Gold Bullion refined Or unrefined ? at what rate ?
    2. we are getting Cash in the business which is 100 % of the Market Cap Plus possibility to get 5 times more Capital then current Market Cap.
    3. if paying All By Cash then @ what % ?

    i think this Deal is to return Gold Bullion and not Cash.. Basically deal for Gold @ today's price. so all future increase in Gold rates are the profit and Saving is Cost Of further refining the Gold. if they need Gold for Crypto then unrefined Gold is Fine i suppose..

    Bulk Sample from Kat Gap was 6504 tons and first Gold pour from 989 tons.. thats only 15 % Ore processed.. may be same for 2nd Gold Bar...70 % more Ore ready to be processed.

    i was thinking to loose 50 % of my investment and now i will make 2-3 bagger from this. Besides, after this announcement Today's Volume increased to 10 folds.. 35 Mil shares exchanged hands since morning (average daily was 2-3 mil)

    DYOR IMO
 
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