C7A 0.00% 0.7¢ clara resources australia ltd

Taronga, page-54

  1. 322 Posts.
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    Pros:
    - First sales @ current tin pricing, which is very high (check LME) should be announced within the next couple of weeks.
    - Other projects, which include Cobalt (highly sought after)
    - Approvals on the right track for Taronga
    - Backed by DGR, which has just received $10m from one of the top hedge funds in the world to help develop its holdings
    - Seems to be minimal BSing in terms of overhyping things from management
    - Other articles about the potential for growth in demand of tin related to electronics, etc.
    - We all see the thing as very undervalued based on its current outlook (above). Similar companies reflecting higher MC with less going for them.


    Cons:
    - Missed deadlines on the past two Q's for tin sales, which should come this Q
    - Convertible notes for financing
    - Not the greatest at new-age exposure for the company (ie the internet/mining articles)
    - It's a penny stock and could go belly up
    - Dilution of SP from the convertible notes
    - Rain in Tasmania
    - Possible hidden stockpiles of Tin
    Better off to get feedback from some of the others that have a more thorough understanding of the company/market, but that's a flavour of it. Take a gander through some of the liked posts and you'll see some the MC maths. Also take a look at other peeps who have a less bullish outlook.

    GL
 
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