CLZ 0.00% 0.2¢ classic minerals ltd

IMO:This stock been propped up for a while and given that...

  1. 2,083 Posts.
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    IMO:

    This stock been propped up for a while and given that there’s now almost ONE BILLION SOI without the debt level being reduced, having a market capitalisation close to $8M without any significant assets made little sense.

    Not producing without more funding and share dilution and no figures provided by company to indicate if they can be profitable and no resource updates since 2017.

    The CEO who also is the geologist hasn’t even bought shares in the company and IMO that speaks volumes for lack of confidence.

    Failed promises year after year with many milestones missed and forgotten over time speaks volumes of the lack of management ability

    The only thing they are good at is SPIN which is targeted those unable to think critically.

    I can see this stock heading another quick downward movement with such a large SOI.
    Last edited by tipster: 04/01/23
 
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Mkt cap ! $1.102M
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