C7A 6.67% 1.6¢ clara resources australia ltd

So I did a little digging and found their recent annual report....

  1. 117 Posts.
    lightbulb Created with Sketch. 48
    So I did a little digging and found their recent annual report. Lol at how they make the pages of their salaries and expenses vertical, had to tilt my head to read it.

    https://hotcopper.com.au/data/attachments/2869/2869534-66c6d618d747f9baccc63846a3fd4d30.jpg
    From my understanding these guys don't have a revenue generating business yet. Just sending samples off to labs, with no upgrades to resource. What is employee benefits expense? Gfg mate I would be eager to learn why they need benefits when they get a good salary already.


    So much bloody potential! If water is a problem why cant they even look at new carbon capture technologies being boasted around recently. I suppose its a company run by dinosaurs looking for dino-coal? With Covid doing its damage, cant they approach pro-mining members of their state parliament? Surely they need royalties!

    Okay guess ill just be watching. 5th largest undeveloped tin mine, at all time lows bought me here.
 
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