Ann: Quarterly Activities Report and Quarterly Cashflow Report, page-130

Hey Dazed,
Ive been saying for a long time not to discount the effect of inflation and Covid. Take a look at the year to year trend in Australia. Its on a tear! Source: ABS site

	Column 1	Column 2	Column 3
0	01-Mar-19	01-Mar-20	2.2%
1	01-Jun-19	01-Jun-20	-0.3%
2	01-Sep-19	01-Sep-20	0.7%
3	01-Dec-19	01-Dec-20	0.9%
4	01-Mar-20	01-Mar-21	1.1%
5	01-Jun-20	01-Jun-21	3.8%
6	01-Sep-20	01-Sep-21	3.8%
7	01-Dec-20	01-Dec-21	3.5%
8	01-Mar-21	01-Mar-22	5.1%
9	01-Jun-21	01-Jun-22	6.1%
10	01-Sep-21	01-Sep-22	7.3%
11	01-Dec-21	01-Dec-22	7.8%

I dont believe inflation will fall yet given how far central banks are behind the curve. Other advanced economies like UK and Germany have had 11% inflation. Inflation went to 13% and interest rates to 18% in the past (70s/80s.)

To reduce this Qtrtly to its simplest problem, the main question is

Q: "Why are we only producing 31 – 36Koz at AISC A$2,000 – A$2,250 @ 0.79gt?" instead of 45Koz at AISC of $1590 @ 1.2gt for the half year?

A: Costs, excess overburden, transient workforce, inexperienced personnel (the blasting issues).

Dave told us in the November webinair these issues were improving, however, that turned out to be wishful thinking. Once the ariport is finished though, FIFOs can fly home direct to Perth - should be a good drawcard.

On the plus side, few companies have such a heavily invested CEO. Thats a major positive for CAI - you could not have a better driver to push this company forward. Its the same reason I am in EM2 (copper)

@Biotrader Unfortunately with every ASX announcement, every company issues the following disclaimer . Its their out when things go wrong .

Also @speculator101 did issue caution some time ago (here and here ). Unfortunately he turned out to right to a substantial degree.

That doesnt mean the company cant turn things around. We want to see improvement each quarter now, no more fails, else this is going to become a bottom drawer stock for a few years. (I hate those)

@Grab Fiduciary obligation pertains to people directly holding your money in a trust account, like lawyers, accountants, etc. Dave is not in a position to misaaporpriate your funds directly.

It would be nice to get more frequent updates from him, even a Letter to Shareholders perhaps, but I think hes like most ASX CEOs, and comfortable to do the minimum reporting, and use the disclaimer clauses as a shield. Mind you , I dont think theres much he can do about inflation and labour shortages, do you?

Tough times....