Yes that was me talking about various issues of non disclosure around the 90% versus 80% (still unresolved as I don’t have an adequate explanation) and the stuff about the Mexicans being diluted before BFS (which the company clarified and in doing so admitted that they had made a misrepresentation). They also came out and clarified earlier misrepresentations about the status of the equity where they had announced they had moved to 90% when they had not.
Based on what they have told us about the project it looks excellent but can you believe them after this? I even changed my tune and bought in thinking the sheet was sorted and it could be a multi bagger but now I’m not so sure. Worst case scenario is they get sued by the Mexicans and the project gets shut down, they get sued by the other interest claiming 80% and while this sheet happens they have to raise more money or issue more con notes. So even if it all does get resolved there’s a heap more dilution.
The company needs to respond to the article and clarify what is going on. Also with the other 10% guys.
CZL Price at posting:
1.9¢ Sentiment: Sell Disclosure: Not Held