C7A 0.00% 0.7¢ clara resources australia ltd

Ann: Section 708A Notice and Appendix 3B, page-97

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  1. 144 Posts.
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    Normally i would agree with you that generally the share price will fall below the SPP within the short term. But I have to point out, our current share price concerns are not due to existing long term share holders selling out on a quick profit or breaking even and free holding the options. Our share price has declined due to Lind, who continue to sell 1-2mil in holdings each day. Management previously set a base of 1.2 cents, and yet even in the face of continued share price deterioration, management remain silent, inactive, and prefer to post a lousy 40 word Twitter post instead of a proper operational update. Every month Lind get access to more and more shares and will essentially run the share price to the ground, with management watching idly by...

    This company has been in production in Granville since February and "shipped" their first batch to Traxys at the end of April. Its been close to 2 months. They haven't been able to confirm how much was actually sent or how much we received. Surely this is material enough for the company to announce something, anything i.e. recommencement/confirmation of cash inflow. The only updates they've been able to provide is that they are "transitioning to" and "ramping up"... yet so far to date there has not been any outcomes or milestones hit.

    Just venting my frustrations, not personal, as i understand the potential based on the fundamentals. It just dumbfounds me how much management can continue to set lower and lower expectations, and still continue fxxx things up.
 
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