C7A 0.00% 1.0¢ clara resources australia ltd

Ann: Operations Update - Granville and Taronga Tin Projects, page-197

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  1. 68 Posts.
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    Like you Croc I am still here being unable to sell as someone always ahead in the queue!
    To say I am disgusted, appalled by the absolute contempt we as shareholders have been submitted to is an understatement in my opinion.
    legally I wish there was a way of bringing these people to account - and I am open to suggestions on this.
    this recent presentation comes across to me as some sick joke with all its references to previous announcements thus making the whole document for the birds.
    it has to make you think why do it?
    why put this fantasy out there?
    more importantly where is the fiduciary responsibility to shareholders?
    its as if they are living in some alternate world where they seriously believe that they are going to become a Tin producer as detailed in this fantasy presentation.
    i just know that whatever is to come next it's not going to benefit shareholders like us - to actually have the nerve and audacity to present something which clearly shows a total collapse in the share price and then say it's an investment opportunity must open them up to some form of outside enquiry and scrutiny ?
    its an embarrassment of a magnitude that is difficult to truly define - I know I couldn't stand up in front of anyone looking to invest and believe in what I am saying with genuine belief - I would be ashamed.
    So what is next:
    Are shareholders like me going to get the chance through a 'pump' to get out with at least some of our investment?
    A good question has been raised about this 'loan' of $1m - where is it to be found?
    in my view the only way forward will be one that benefits the - I use the term loosely - management of this company and leaves us in the dust.
    This strategic review - heavens what a joke - this company is valued as a 'hobby ' business and is priced currently to have no future - the only way is to fire sale an asset somewhere to someone who knows what to do with it - or as I fear a strategy that looks after those who got us here in the first place.
    An exciting six months - and that damn interview under the 'spotlight' - surely there has to be some form of retribution open to shareholders like myself who have had a very exciting six months seeing their investment made in good faith be totally destroyed with not a word of acknowledgement or apology.
    I am hoping for an opportunity to 'get out' because I ask why are they appearing to want to keep the company going?
    yes for their selfish gain and in their hubris I hope that those like me can get out with at least some capital so losses can be recovered through investing in a company that does truly have its shareholders interests at heart.
    the above is my opinion and I hope opens the discussion up as to what next awaits us.

 
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