If it's capitalized at a million dollars at two-tenths of a cent, it has a market cap of $500,000 at one-tenth of a cent. CLZ has a cap-raise currently to raise 2 million dollars at four-tenths of a cent. Have a look at this Barrenjoey. At one-tenth of a cent Barrenjoey's 5 percent would only be worth $25,000. and the whole company would have a market cap of $500,000 at that price. Looks like a pretty Shite investment to me & most likely a tax loss.
Who would be happy about this situation if one was an equity holder?
If it goes one-tenth of a cent seller with no buyer again, the whole company could be bought 4 times over with the 2 million dollar cap raise figure. All this company has is 3 mining leases & a not-fit-for-purpose Gekko & maybe 16 million in debt .
After 40 years of investing in mining stock, I am going to be fascinated to see how money is going to be made out of this situation. i lost $510 in total & I still hold 8 shares , currently worth 1.6 cents at two-tenths of a cent. This is the equivalent of investing in a Gutnick stock.
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Last
0.1¢ |
Change
-0.001(50.0%) |
Mkt cap ! $756K |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.1¢ | $9.588K | 6.011M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
137 | 323771597 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 62926441 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
136 | 321771597 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 62426142 | 10 |
0.003 | 21571788 | 14 |
0.004 | 3335000 | 6 |
0.005 | 2885561 | 5 |
0.006 | 311200 | 2 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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