CAI 0.00% 11.5¢ calidus resources limited

Ann: Maiden Resource to underpin Nullagine Restart, page-52

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  1. 8,328 Posts.
    lightbulb Created with Sketch. 910

    i dont really get your logic. Lower risk, how?
    what synergies? with two sites, everything is duplicated for each plant
    2x stores, 2x spares, 2x maintenence, 2x crews (skills shortage still at play)
    recruiting for a successful company is easier than a struggling one
    why do you think the successful mines run hub and spoke?
    RMS, WGX, NST, GMD - proven miners. NST actually shut sth kal down.
    this perpetual discount is there because management has bumbled this from start to finish
    nullagine aside, its going to take more than a couple of quarter of achieving target, generating FCF, paying down debt
    before the market gives CAI the nod. Its hard to rebuild trust
    just my thoughts mate, and thank you for drawing attention to my lack of attention.
    GLTAH




 
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