Australia's largest stock trading and investment forum Australia's #1 stock forum

CLZ

Click for more information

0.00%

0.1¢ classic minerals ltd

AGM Fri 30th..., page-7

First 7 Last

Share
Profile

Follow
Bosswhat

1,197 Posts.

53

01/12/18

01:08

Post #: 36713535
Share

Originally posted by judd85 ↑

I'm not sure a company can actually issue shares whilst in suspension.

As Dean said in the meeting today "drilling isn't cheap". They don't have all the checks and balances and processes large multInatIonals do. Theyre a rag tag start up figuring it out as they go along. We all signed up for this and no amount of down ramping or spruiking on a faceless chat forumn will change that. Currently they require capital to invest continually to build a resource. Given this company is a makeshift explorer and not producing all it can do is issue more shares.

If shareholders want more gold and a higher SP then more shares will need to be issued plain and simple. In my opinion a consolidation of 10-1 soon would give me confidence they will be able to raise capital further in the future. Soon (if not now) the shares aren't worth the paper they're printed on.

Again be interesting what the main contractor said in the meeting about making money of an "undilutable asset".

Good luck everyone. crazy times ahead and some headaches but try and hang in there

Expand

Geez juddy I appreciate your feedback from the AGM but you sound like you have “seen the light”. Sure they will keep issuing shares to pay for exploration but the price willl never go up!!

CLZ Price at posting: 0.5¢ Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Watchdog takes Webjet to court over alleged 'false' flight prices with hidden fees

Chaos reigns markets – so let's take stock of where we're at ahead of December

PME

Pro Medicus signs landmark $330M deal to roll out imaging platform in US hospitals

MTM

Australian Rare Earths bullish on early-stage uranium potential at Overland, SA

OCN

Southern Cross Gold zooms in on 9 new high-grade zones above 20g/t at Golden Dyke

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

SHN

Chimeric clocks $4.17M R&D tax rebate from Canberra

There are more pages in this discussion • 4 more messages in this thread...

First 7 Last

Add CLZ (ASX) to my watchlist

(20min delay)
Last 0.1¢		Change 0.000(0.00%)		Mkt cap ! $1.439M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

CLZ (ASX) Chart

Day chart unavailable