C7A 54.6% 1.7¢ clara resources australia ltd

Bargain Price and No Volume, page-41

  1. 4,957 Posts.
    lightbulb Created with Sketch. 2499
    Only problems is the company went to Lind. Lots think it was a good deal at the time because Lind were expecting to be getting a lot less shares and converting at about 3.5cents.
    The problem is not Lind... the problem is the company borrowed from Lind- as they thought it was easy cash and they’d be producing. Then when the company didn’t hit its deadlines Lind were converting but not at 3.5, but at 0.7- as it wasn’t producing.
    People need to understand Companies like Lind loan money daily- and companies like ANW jump at it because its quick and easy and if you hit your deadlines then perfect- shareprice rising, Lind converting and if it’s 3.5 as ANW predicted then its great- less shares for them.
    At the moment we have a co like Lind worried because unfortunately ANW hasn’t ‘quite’ hits its deadlines- so now they’re converting but getting millions more shares and sh are paying for a reduced share price.

    Today was promising- buying into the 7s- news getting close and hopefully sales- need to build from here.
    Good luck all- only ANW can get it going from here- and sales are the key!
 
watchlist Created with Sketch. Add C7A (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.