CLZ 0.00% 0.1¢ classic minerals ltd

NF, I agree that FR has potential. They poured Cash down the...

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  1. 3,058 Posts.
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    NF, I agree that FR has potential. They poured Cash down the drill holes to see if they could grow money trees from 2012-2015. CLZ has been reinvigorated through a focus on the FGP and gold. The fallout from FR and transition to FGP has been significant dilution and a massive loss of capital to third parties for no return. I hope latest plan has been thought out with some common sense rather than pouring more money down holes looking to grow money trees. Personally, they should focus on the FGP and gold. Generate some cash flow and then look at FR. I don’t think CLZ are in a position to be exploring multiple projects at present. Seems to me the same mistakes will repeat and it will of course be SHs who are left holding the empty can. Anyway good luck!!
 
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