These muppets need to raise at least their current MC in the next 12 months just to survive. The market knows this and that’s why the share price languishes. There is no way out unless the filthy rich chairman makes amends for prior poor performance and makes a loan on favourable terms available. Can’t be a con note because he’s go over 20%. No one else will do it.
The promised resource upgrade will come and go. Expect to see 1.5mt and the share price barely move. It’s a feeble attempt to jack up the SP in order to give the Mexicans less shares. Right now if they closed the deal control will pass to the Mexicans.
And all this is before we delve in to whether or not the deal as presented to the market can actually be closed at all or even exists for that matter!!
CZL Price at posting:
0.9¢ Sentiment: None Disclosure: Not Held
