Ann: Half Yearly Report and Accounts, page-90

Thanks Speculator, always great to see your insight - I was very tempting to buy around 11c after the equity raising but having few bad experience buying PNR from 14c to 2.8c to 4.2c. So I decided to wait and see...

What I like about today announcement is (which a very kind gesture from Macquarie

Agreement reached with Macquarie to restructure hedge and debt
arrangements, resulting in an additional ~A$31M of free cashflow in CY24;
 CY24 hedge volume reduced by 21,250 ounces, delivering a A$20M
benefit to Calidus at spot gold price of A$3,300/oz
 Reduced debt repayments totalling A$11M in CY24

I guess I missed the 11c boat.. I am not sure how much money they actually made?? and what is their AISC? Remind me St Barbara, they more gold they produce the more loses they made?? I don't like the hedge position at $2,300 - There is high chance the AISC is above $2300

It reminds me of PNR - after the raise, their cash position is less the raise...

While we are on gold. RRL - $1B for McPhillamys ? Is it worth it? I was in and out of RRL in the past hoping for McPhillamys to go ahead which is a key growth for RRL.

Just over a year ago, SPR was 10c - so anything is possible