IMO:
Given the past history of failed promises and missed milestones it will be highly unlikely that CLZ can become a producer of GOLD in 90 days.
They have a long way to go to improve the SP as more funding will be required which will dilute the SP even more.
This continued strategy of servicing the debt by issuing shares or conversion notes is the reason the SOI was into the many billions before the recent consolidation.
The SP then has fallen from 15c at consolidation to .009c which speaks volumes of the lack of positive sentiment.
When shares keep getting issued CLZ are more on the way to producing billions of SOI rather than GOLD!
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Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.017M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| CLZ (ASX) Chart |
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