Ann: Restructure positions Calidus for strong growth in cashflow, page-23

Miracles always happen in the ASX, Gascoyne (GCY) resources also a gold producer fell from over $1 to 10c and had a big capital raise at 10c in Feb 2023, its been renamed Spartan Resources (SPR) and now is 58c.
Red 5 Limited (RED) also a gold producer fell from 45c to .13c and had a big capital raise at 13.5c last Feb 2023, its now 36c.
I actually thought it was a great announcement and great renegotiated debt and hedging, the highlights of the announcements are:

• Production is set to increase to 120,000ozpa over the next three years at AISC of ~A$2000/oz
• Increasing production from high grade satellite deposits has commenced
• Last week Calidus recorded its largest ever gold recovery since project inception of 1,539ozs for the week, Calidus re-affirms H2 FY2024 guidance AISC of A$2,100-$2,400/oz.
• Restructured Debt, also reduced to $61 million
• Restructured Hedging
• Low average strip ratio for remaining mine life of 3.4 results in Klondyke becoming a significant cash generator
• Blue Bar open-pit mining started & road train haulage underway. To be mined out by end of June 2024. Total Mineral Resource of 300kt @ 1.9 g/t Au
• Bulletin PFS - 63,000oz at an AISC of A$1,730/oz over 2-years mine life starting H2 CY2024
• Mickey’s Find – 60km from Warrawoona, Potential for large, high-grade satellite deposit, resource estimation underway
• Production from Klondyke Underground in FY26 targeting the higher-grade portion of the Klondyke orebody below the open-pit
• Larger Central Sulphide Processing Hub Optionality to incorporate Nullagine Sulphide deposits, Blue Spec (190koz @ 24.3g/t Au) and the Felix discovery
• Calidus assessing the economic feasibility of processing high-grade free-milling deposits at the Warrawoona mill (75km) to increase production and extend mine-life
• West Pilbara Lithium – Tabba Tabba Shear, drilling to commence H1 2024 subject to heritage survey

I am confident CAI will be another miracle, my opinion only, dyor.
IMO as result of the renegotiated hedging and debt repayments, CAI will be cash flow positive to over $10 million a quarter this year, starting from this June quarter.
This coming quarter should also be cash flow positive to about $5 million if no debt has to be be paid from the cash flow.
These are my opinions only and is not financial advice, dyor.