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0.1¢ classic minerals ltd

Nah talking about the Fed R&D tax rebate. But I don't really...

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Non ferrous

659 Posts.

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14/08/18

10:32

Post #: 34918833
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Originally posted by MrStoatGobbler ↑

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.

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Nah talking about the Fed R&D tax rebate. But I don't really know if they have even filed the necessary documents or anything ....

I agree that the shares on issue is not ideal. A consolidation is needed. And yes, so is a fricken Jorc update. They've completed a bunch of extensional and infill drilling at the Ladies - surely some additional ind and inf ounces could be added to current resource!

CLZ Price at posting: 0.6¢ Sentiment: Buy Disclosure: Held
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