Oh Ceh2009,
One has to wonder at your motives..... Your sentiment is sell and you don't hold any stock yet you take particular interest in pointing out the short falls of the company over the past two years.
The money you refer to that has not been used productively (AU $7.8 million) raised since 1/5/2017 has provided a scoping study, further drilling which has increased the tres amigo resource by 32%, de watered the mine, continued mine development and purchased a further 39% of the operation as well as provided working capital for day to day operations. The AU $7.8 million that has been raised at an average price of 1.4 cents. Rather than sooking about that you had an opportunity to acquire shares at lower than the lowest cap raise for a period of 6 months. I'm not sure what massively discounted shares you are referring to.
From March 2018 to September 2018 over 80,000,000 shares traded hands at or below the lowest issue price of 1 cent. There has been some dilution yes I agree but for goodness sake all any investor had to do is to purchase a further 15% at .007 or .008 to counteract this.
As far as the incline is concerned its irrelevant how far the extra distance is. The industry standard machines which haul ore to surface are rated at 15 degrees and are not designed to haul ore at 22 degrees. If they are operating inefficiently, which they were, then it makes sense to develop the incline. Vertical incline / shaft who cares - certainly not me nor other investors.
That brings me to my final conjecture and that is the the latest take up and on market purchases are a stunt to trick punters like you. I'm not sure what planet the other investors live on but the planet I live on $100K is $100K no small amount in anyones terms. No tricks played here just genuine passion for a small growing Australian company. IMO This company will be trading at multiples of current SP in under a year from now.
Good Luck Ceh in you investments what ever they may be but in the mean time ignore CZL at your peril.
GLTAH
Cheers Rb
