C7A 0.00% 0.9¢ clara resources australia ltd

Ann: Development and Exploration Update, page-181

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  1. 5,297 Posts.
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    Love your work Rattle. You are a great Jekyll and Hide act- one minute very negative- the next very positive- all good- keeps a balanced perspective for all of us.
    Time for a little speculation!
    Stellar have come out with an Ann today titled...

    St Dizier Tin Mining Lease Granted and Scoping Study Results

    And within that positive Ann there is a nice little addition which may or may not tie in with Granville becoming a local hub?

    To achieve the range of outcomes indicated in the Scoping Study, funding of in the order of A$4.3m will likely be required. Investors should note that there is no certainty that Stellar will be able to raise that amount of funding when needed. It is also possible that such funding may only be available on terms that may be dilutive to or otherwise affect the value of Stellar’s existing shares. It is also possible that Stellar could pursue other ‘value realisation’ strategies such as a sale, partial sale or joint venture of the project. If it does, this could materially reduce Stellar’s proportionate ownership of the project.

    Anybody care to speculate? Imo given Stellar admits it doesn’t want extra dilution, admits it will struggle to raise the cash, and that it has the permits for work to be done then it is really just needs a little help with the production side of things- great news is - we are in the perfect position to be a ‘helpful’ neighbour and strengthen our own Tasmanian interests. 
 
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