CLZ 0.00% 0.1¢ classic minerals ltd

Well that's OK for the company

  1. 3,064 Posts.
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    So they signed a deal with IGO , great but for who ? to keep from going into liquidation - well only in the short term . Sure it will keep the office bills & directors salaries paid for a couple of quarters . They have virtually divested of Fazer range . If the company gets paid out they will use it for directors fees to keep the gravy train going a bit longer . So how a shareholders going to benefit with this . They still haven't the funds to drill Kat Gap . Let's see the uptake rate which will be interesting. The announcement still didn't cause one share to be bought .
 
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