C7A 0.00% 0.7¢ clara resources australia ltd

Near term multi bagger and tin producer, page-33

  1. 15,174 Posts.
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    at me?

    it's all there in the anns and outlined in the finance news network interviews. Shipments were slated for quarter 2 but got pushed back due to process issues, which was forgiveable as the soil had a different make up to process config and it was a new rig that would have required dialing in anyway. So quarter 2 was ambitious to say the least, they learnt their lesson and haven't really provided a followup date as in the meantime granville approvals came through which then allowed them to kick it up a gear and mix tailings with ROM.

    Sorted the money issue.
    Sorted the processing issue.
    Sorted the EPA issue.
    Sorted the Council approval issue

    Now we wait for shipment confirmation, which could be anytime this, or next, quarter as they have infrastructure to build regarding EPA requirements... again not unexpected that the EPA would have requests. We await a mining plan/presentation which will come any day now, which may outline shipment schedules and will likely be part of the noosa presentation. All the while waiting on taronga approvals, which should marry up nicely with revenue from granville.

    So many big announcements in the wings, none of which seem overly complicated or have any risk associated with them. Management have been very single minded with granville and have achieved a huge amount in 6 months. Not sure where the "too many companies" comes from, unless it's being confused the DGR... who is a major shareholder and not the company. I bet they are licking their lips though waiting for this bad boy to pop.
 
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