Yeah I get a bit sick of people bringing up GCY on the CAI thread. .(and friggin DCN too)
Gascoyne has been around for over a decade, they've had plenty of time to get their strategy togather, and they cant. Losses 10 years running. Their assets sound good, but they cant make any money from them. They've had a consolidation, a raft of CRs...CAI havent had that.
Its disingenuous to compare a company like that, with Calidus who has only recently commisioned in a difficult cost environment, .and has its own teething issues to sort out. CEO hasnt even oversighted one years of production yet. But everyone wants a cup of tea before the kettle has even boiled.
The GCY chart says it all.....a 4 year pancake. Get back to us when Calidus's chart is similar.
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