C7A 0.00% 1.2¢ clara resources australia ltd

Ann: Capital Raising and SPP For Taronga Stage 1, page-21

  1. vmp
    13,193 Posts.
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    This is horribly painful.

    Many accountants cannot count money.

    Many accountants have no money to count.

    The Cr price indicates management has no confidence in production and hence negotiation advantage. If they had, they could have convinced the fundie ‘look, Cr at 1.4 as were starting to ship in 3 weeks’. But nope.

    The dignified thing to do is take a pay cut, take only $50k a year and get a bonus when the sales start and sp is 5c instead of skinning the cat. Anw is like a beggar now
 
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