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0.1¢ classic minerals ltd

Geez juddy I appreciate your feedback from the AGM but you sound...

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Bosswhat

1,197 Posts.

53

01/12/18

01:08

Post #: 36713535
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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

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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
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