C7A 0.00% 0.7¢ clara resources australia ltd

Interview with Peter Williams, Aus Tin Mining CEO, page-15

  1. 15,136 Posts.
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    i think the spending this quarter was a big number and seems to have accounted for the alot. It is possible that there is already money sunk into the taronga contractor (fairly common to cover plant movement and intitial set up costs) which could carry us through to Q4 for the next bill.

    The other thing that springs to mind is that refurbing a crusher wouldn't have been a big $ line item, but how much the initial kit cost is anyones guess as its massive.

    As for Take Over talk.... i don't think they'd have to work to hard to win over shareholders to be honest. I think alot of people would be happy to get out at cost or even a little lower. While I agree that things seem to have turned the corner, i won't let myself believe it as personally i have been in this exact spot 4 times.

    So here's to hoping for finally turning the corner, but lets let the company prove themselves capable of deliverying consistently a viable product to market before we all get to carried away.
 
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