C7A 0.00% 0.7¢ clara resources australia ltd

Ann: Half Yearly Report and Accounts, page-68

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  1. 2,178 Posts.
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    It's a reasonable question but they won't do it. In my opinion a pay cut isn't necessary.

    What IS necessary is treating ANW like a business and delivery of outcomes with transparent reporting of what the plan is. Is that too much to ask?

    Now I'm not saying that mining is an easy business. It's not. But if the management team have the courage to draw large salaries and take free shares then, as a shareholder and part owner, I expect a return. I am not sitting here for the fun of it. I want profit and I want a healthy business that I can assess on its merits. Thusfar the transparency has been lacking IMO. Yes it's improving but nowhere near where I want it and what I think is reasonable.

    No matter how much @rattle spruks up the latest effort on comms. Its been lacking. If you read the letter response carefully - between the lines - it basically says "nothing to see here - we're compliant to the letter of the law and if you want raise concerns you can turn up at AGM"

    And they're right. We threatened them with a 249D and they have called our bluff while saying give us a month. The only thing that still remains in play is our 7% and their ability to deliver. I truly hope we don't have to pull the 7% card and instead they will deliver and let the company rerate. Make no mistake though they are absolutely holding it back. If they wanted to they could have been in G2 production long time ago.
 
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