C7A 7.14% 1.3¢ clara resources australia ltd

ANW EGM, page-78

  1. 7,101 Posts.
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    It's becoming increasingly clear to me that DGR is basically a finance company backing mining exploration startup and developments. Somebody said the BOD has 3 accountants, Peter Williams is a banking man and as you've just stated finance is not easy to come by but through the expertise of the board they are able to arrange Credit Raisings at will.
    Their has been no evidence at all of ANW being well managed and achieving goals when expected but the company keeps on surviving because of the ability of the board to raise finance.
    There is no way that I would defend the performance of this company over the last 18 months or for that matter over anytime.

    What can we expect from tomorrow's ann [or possibly this afternoon] ?
    Not much, its just survival money until they can finally sell some tin.
 
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