C7A 0.00% 1.1¢ clara resources australia ltd

I'm reasonably happy with how everything is coming along. All...

  1. 377 Posts.
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    I'm reasonably happy with how everything is coming along. All the pieces of the puzzle are almost put together at Granville (although slower than I'd hoped), the waste rock agreement is progressing (which is a fantastic deal for us), Lind are slowly become less of a burden and everything is in place at Taronga with an experienced local contractor chosen after the very long process that is involved in obtaining all the necessary approvals. I'm still extremely confident being invested in ANW and this place will have a much brighter feel about it come September/October.

    Cash is a little tight though and if they'd had an extra million or so in the bank I'd be extremely tempted to wipe that .8c line but for now I'll sit in the que at .6c.

    The tin price is also expected to bounce back towards the end of this year and the AUD is continuing to drop.

    I get the feeling the share price will be in a much healthier position come the end of the year IMO.
 
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