CLZ classic minerals ltd

I've been onboard and got out with a 65% loss. That was about 12...

  1. 3,058 Posts.
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    I've been onboard and got out with a 65% loss. That was about 12 -14 months ago and have recovered my position and indeed increased it. Glad I didn't hang around as I'd just be sitting on a paper loss and an undermined capital base. $2m???? That I believe is already gone to pay down debt. If it wasn't, why would they enable a standby subscription? So they have operating capital for wages and admin. $25k this quarter is the budget for exploration. Sorry mate, I'm just too skeptical and not interested in the risk. All I can do is look at the facts, make a judgment and ensure people don't get burnt by people ramping this stock. I hope for your sake you recover.
 
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