Seriously what have they got but a whole series of deals that...

Seriously what have they got but a whole series of deals that have gone nowhere? accept to have kept the gravy train going of half a million dollars per year in salaries to the CEO and exorbitant amounts to other directors. What is Kat Gap worth ?, The answer is probably very little, as the primary asset is perhaps worthless, due to its inability to be used for ongoing sustainable mining. They only processed 10 percent of what they dug up and just left the other 90 percent on the rom pad. Then they went off to try to secure sole control of the Forestania Leases . But that doesn't seem to have been finalized yet.
They are simply all over the place, I don't think they have a clue what they are doing . They have ceased reporting to shareholders on any progress they have made. It looks like one failed deal after another. They have done multiple deals but they simply stop talking about them & they are not mentioned again. I can only assume the other parties to the deal find out about their track record & don't want to continue with them.

Depending on how things go now, Kat Gap may have a negative value, because if that site needs to be rehabilitated, it could cost millions & I have not seen any talk of any rehabilitation bond fund being mentioned. The Gekko would only have cost a small percentage of what CLZ paid the related (family-connected) parties paid for it. I doubt anyone would want Kat Gap, as there is no proper processing plant there. The company reported a loss for the period that they attempted to mine. So they only trial-mined it & abandoned mining the other 90 percent. If you read over the information to shareholder reports,ie market, ie, Quarterly Activity Reports & Final reports, 90 percent of what they said they were going to do, simply didn't happen. A social media person made jokes about those shareholders who had hoped the company would carry out its stated intentions
All the company seems to do is do deals and issue hundreds of millions of shares causing the ongoing collapse of the share price, due to the continual dilution.