C7A 0.00% 1.3¢ clara resources australia ltd

Ann: Acquisition of Ashford Coal Project in NSW, page-62

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    Obvious a CR in the wings at 0.001. Can only succeed if it is underwritten. Assume BCP will be underwriting either all or a large chunk - probably along with DGR and phoenix this. If so, assume would be worth taking up entitlements. A new CEO would also be a big help. Hard to support one that takes to the brink. Does seem to have some good assets but the Tasmanian tin is a disaster.
 
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