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clock Created with Sketch. 06/11/23
11:04
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Originally posted by AdelaideInvestment:
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ram the goat, it’s my understanding continuous disclosure rules apply. As mentioned, I seek other parties to enable a further review in various items of any mutual concern. Can you show me previous examples where a company has lost around 80-90% enterprise value (ATH above $1 now below 20c and we’re talking significant additional cash injections in between via capital raising).
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I do wonder how Continuous Disclosure rules relate to CAI's lack of notification of grade issues. This was inferred by quarterly reports with much lower grades, but all official interviews or comments attributed that to mining issues etc. The only official update on the grade was in the lasted resource and reserve statement. CAI has known for about 12 months that their grade control drilling didn't match the resource model. About the time DR stopped saying it was reconciling. Not telling the market that crucial information seems to break CD rules. My 2c.
(20min delay)