It appears nothing has changed at all. With the significant dilution any SP rises now will minimal because of the effect on the MC metric. Some comparisons in the gold sector include KIN mining MC around $24m and they’re sitting on 1m oz with >300k in reserves. Poor decisions, in house fighting and a lack of confidence by SHs. GCY is now producing and their SP has fallen significantly, around 50%, as they transitioned to miner. Look at what happened with BLK and they have 6m oz in ground. For newbies on this thread, go read about others then see where CLZ fits.
For every $0.001 rise in the SP, the MC has to rise by $2m. Unless they have some “awesome” company making drill results soon, I can’t see this lasting in its current form. I also think there is external influence as a carry over from the past. For all the newbies here, I would read as far back through the CLZ threads as you can go, and consider the risk/return comparative to other explorers.
@Bosswhat I hope this can be turned around for your sake mate, cos I know you’ve been here a long time. I sold my couple of mil 2 plus years back at a significant loss but glad I did, because what I’d be sitting on today would be pennies.
GL folks with whatever you do.
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