CLZ 0.00% 0.1¢ classic minerals ltd

Ann: Appendix 3B, page-4

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 357 Posts.
    lightbulb Created with Sketch. 18

    NF, are you talking about the Exploration Incentive Scheme (EIS)?

    They're not listed as a successful applicant on the EIS website for 2017 or 2018 - so I'd be surprised if they are getting anything back! It's generally capped at $150k too so a +$1m figure would be most unlikely.

    With 2.4 BILLION shares on issue now, and a likely cash raise again at some stage in the near term, I just cant see this moving any further north than 0.5c for a LONG time! They'd need to put out a JORC compliant reserve of +500,000 oz to get this to move - and that ain't going to happen without a LOT more funds for drilling required.
 
watchlist Created with Sketch. Add CLZ (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.