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0.1¢ classic minerals ltd

Ann: Annual Report to shareholders, page-9

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RedCedar

3,523 Posts.

11

28/10/18

16:19

Post #: 36289355
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Originally posted by jack12 ↑

Originally posted by judd85
Do they have enough money to stay afloat with this indefinite suspension? That West article explains how SH have paid for plenty of family BBQs and toys over the years.
Running on fumes atm with 2.5 billion shares worth .005 cents.
Disapponting
Yes their past isn't the best, but they do have a extremely good gold results and are doing a follow up drill program as we speck. So possibly mid November we should have some more results.
They have only just started and already have very high grade gold results, they just need a board with a lot better money management or a take over.
I just hope we get some sort of update of when we will start trading again, it will be great if they can get it all sort for when the next lot of results are ready.

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As you say-- with such good results and more good results expected, IMO the money will be found to allow the company to get back trading.

However some here have already expressed their plans to sell once we start trading again, so nothing less than outstanding drill results will probably be needed.

CLZ Price at posting: 0.5¢ Sentiment: None Disclosure: Held
1 Upvote

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