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1.2¢ clara resources australia ltd

The reality is current tin prices are very low. No point...

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vicco11

377 Posts.

141

07/10/19

10:42

Post #: 40753196
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Originally posted by bruham: ↑

Quote "a wise old man told me___one job at a time
that proved to be anw downfall too many projects at once".

AND NO MONEY !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
As far as i can see, there are no positives what so ever.
A machinery and a equipment breakdown has thrown the whole thing into a meltdown.
They borrowed a million dollars, then sit on their fat backsides to discuss what to do.

That "conference" is being paid for out of that million dollars, wasting time and money.
In my opinion, they should be told "get off your lazy backsides, fix the breakdowns and produce as you have stated previously".

At the next general meet we share holders need to place a "no confidence motion" in the whole (hole) management team.

It won't succeed, but the look on the board's faces will be worth it.

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The reality is current tin prices are very low. No point continuing when you can't achieve positive cash flow through all trends of the price cycle and that's what this review is working towards. So you'd prefer them to go on as they were with the possibility positive cash flow wouldn't be achieved?

Last edited by vicco11: 07/10/19

ANW Price at posting: 0.3¢ Sentiment: Hold Disclosure: Held
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Last 1.2¢		Change -0.001(7.69%)		Mkt cap ! $2.401M

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Price($)	Vol.	No.
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