C7A 0.00% 1.1¢ clara resources australia ltd

Ann: Quarterly Activities Report, page-165

  1. 377 Posts.
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    It says a lot that the long termers continue to buy despite the recent selling. The recent drop in price is completely off the back of Granville alone without looking at the bigger picture of what we have and where we're heading, the goal posts haven't moved out all. Granville is a very small operation with limited resources thrown at it compared to what Toronga will be. Whilst the delays at Granville have been frustrating they seem to be behind us now and the lessons learnt and experiences gained from Granville is so critical moving forward. Things will be looking a lot brighter when we have cash flowing from Granville and this is literally around the corner as we awaiting payment for our first shipment.

    Seeing as there is some talk of MLX on here I thought I'd share this from a recent article from Greentech.

    The Group has long been focusing on tin mining business given that it is optimistic about the long-term fundamentals of this scarce metal. In addition, the supply shortage of tin metal is expected to drive tin price, thereby bringing positive impacts to the the Group's income. Looking forward, the Group will continue to seize the opportunities in the fast-growing industry, actively enhance the production volume of tin metal and operational efficiency in order to boost income, thus bringing more fruitful returns to investors and shareholders.

    Greentech Technology is a non-ferrous resource company engaging in mining and sale of tin. The Group operates tin mining and excavation business in Tasmania, Australia, through joint venture YT Parksong Australia Holding Pty Limited (Greentech Technology and Yunnan Tin PRC hold 82% and 18% interests respectively). The Group and Yunnan Tin PRC jointly hold 50% interests in the Renison mine, the largest tin metal mine in Australia, Mount Bischoff open-cut tin project and Rentails tailings retreatment project, whilst the remaining 50% interests is hold by Metals X, a listed company in Australia. Yunnan Tin Australia TDK Resources Pty Ltd., a wholly-owned subsidiary of long-term partner Yunnan Tin PRC, has been the offtake purchaser of the tin concentrates produced by the Group since 2010.

    Now tell me we won't be a prime target for these guys if Toronga Stage 1 achieves a greater upside for Stage 2 as is greatly expected.
 
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