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665 Posts.

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14/12/23

14:31

Post #: 71450632
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Originally posted by Contrarian4me: ↑

You raise a good point with the sale price and hedging. I was wondering whether CAI are going down this track to ensure they had enough gold to deliver into the hedge, otherwise they will need to buy gold at $3,100 oz to deliver into the hedge sell at $2,350 oz? CAI have already said October/Nov/Dec production will be a poor result.

And yes, given the expected poor production result for this quarter, cash drain will probably be similar or worse than last quarter, meaning at end Dec will be sailing very close to the edge again. Also given Macmahon escrow ends Dec 26, surely a CR is imminent.

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with such incompetent CEO this will never work. Dead horse.
this project should never have seen the light in the first place
good luck to holders but to me biggest gold scam on the asx..

CAI Price at posting: 17.5¢ Sentiment: None Disclosure: Not Held
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