C7A 0.00% 0.7¢ clara resources australia ltd

Ann: Operations and Development Update, page-147

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  1. 377 Posts.
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    I know I was just stirring up the pigs pen. It doesn't take much for him to get riled up when someone questions his motives.

    Almost 18M on the buy side now at .6c and I'm in the que. It's as healthy of a buy side it has been in a loooong time which is good to see regardless of the share price, people see value at the current market cap which is a positive sign. Momentum should finally begin to build and sentiment should turn once the crusher is operational at Granville and site development and mining begins at Taronga. It will likely be a few more weeks until this happens and I worry that the cash they raised at 1.1c is burning up quickly especially considering they just purchased a crusher (which is a great thing for the medium to long term in tassie). I'd imagine it will be a tight squeeze to get positive cashflow from Granville before the cash dries up. The quarterly will be telling.
 
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