It should be laughable, but... it's not. Because of the issues the company has to date, not been able to fully rectify.
TIE has flown because, they have zero debt, and no hedging, unlike CAI, with its almost 50% of its first 3 years of production stuck at $2400.
I have noted a few posts hose down the debt as being a non-issue. I feel its a bloody big issue. The clock is ticking and CAI have to start paying it down. The small $20m raise worries me as not being enough. I hope I am wrong...
From my many.... many losses... stocks that have no news, are usually staying quiet because, they have nothing good to say. There are exceptions like CMM, but otherwise, I am fairly negative on stocks that really need good news, but... are not able to release any (seems logical, but hope gets you no where in the mining industry).
Others are also right in saying that there are no quick fixes in mining. It does take time, but... if CAI is having a few wins in small areas', then an update to state is much cannot be a sign of weakness, its a sign of strength because it is actually good news.
@Watchfulbull - I am surprised you view CAI as having no risk. If they don't break even this quarter, they will 100000% need to raise again.
The debt has to be paid down, and I really really hope that CAI don't play around too much with the debt and hedging, as my only hope for the debt, is that the rates were locked in at low rates. To re-finance now, would see much higher rates. Better to raise another $10m to cover next next 3 months of debt, that play banking games.... with bankers.
I really hope my pessimism is misplaced.
(20min delay)