A breach of debt covenants would force their hand for an equity raise. Hypothetically should this eventuate and not be approved by shareholders (not sure I’ve seen this before) it’s been noted on many occasions Macquarie are way more invested with the hedge as it stands. So don’t agree Macquarie totally have the upper hand.
From listening to a few Money of Mine podcasts I recall a few gold companies have come in short on their DFS ie shi!t happens and don’t see a conspiracy here as others may have alluded.
If they can make the 2024 guidance (this should put to bed further arguments around the integrity of management). Either way CAI has way to go and IMO is def not dead in the water.
- Forums
- ASX - By Stock
- CAI
- Ann: Calidus on track to meet FY24 guidance
Ann: Calidus on track to meet FY24 guidance, page-19
-
- There are more pages in this discussion • 41 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CAI (ASX) to my watchlist
|
|||||
Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $93.67M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
CAI (ASX) Chart |
Day chart unavailable