Ann: Quarterly Activities Report, page-46

now that puts ALK in situation of what to do? I think CAI will be forced to do CR and the question for ALK is support or don't? Or even take larger stake?

So we sell shares in GMD who has much higher grade deposit but we stick with a company with lower grade deposit with major performance issues.
It could be an opportunity if ALK thinks they can change CAI's fortunes by taking over but it is also a massive risk. I can't understand how CAI can have grade issues when they drilled the first 12 month of production at 30m grid. That's very tight.

Funny how many are saying POG will go higher and that will help CAI recover. So don't worry about a management that potentially has no clue what they are doing and running massively higher AISC than forecasted but hope on POG to save the day. They clearly don't understand if CAI was operating per forecast they would be making a killing if POG moves higher instead of saving them from going broke. lol

It's just what is ALK planning to do when the day comes as I think CAI will soon be knocking on ALK's if not heaven's door. They have very little room now and any new challenge or issue can see them running out of liquidity.