C7A 0.00% 0.9¢ clara resources australia ltd

Ann: Exploration, Development & Corporate Update, page-259

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  1. 5,239 Posts.
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    The benefits of G2 are being eroded daily. This is because for the past 18 months we have done nothing on most of our projects. This nothingness has cost us real cash and opportunity lost. We do not have a clear picture of what ANW will do with G2 post production. We are left to guess and ponder.
    This sounds like I am down ramping which i am not. However this is the realist coming out.
    So this is what we have.
    1) A couple of years of G2 once up and running and no documented path or guidance of "Whats next"
    2) A couple of pot holes on Mt C
    3) A half baked , should I shouldn't I approach to Taronga.

    The wasted money over the last couple of years could have been spent, drilling more of Taronga to produce a Bankable DFS, positive action on "whats next at G2". And keep the drilling which cost a Bic Mac and fries at bay on MT C until you have control of your schizophrenic projects.

    I am starting to think G2 will not be the cash cow we are hoping for. Its more like just going to pay off Lind.
    The more I think the more I think we have buggered it up.
 
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