The head grade got lower in the past three quarters with less ore processed. Plus the hedging contract, CAI has a negative cash flow in 24H1. I have no idea on the lower head grade caused by resource model or mining issues (ore dilution). The reason will be demonstrated by the CAI operation. CAI seems to be very cheap and however it has a long way to get back to the right way.
CAI operation seems to become worser
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Last
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $89.60M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.5¢ | $41.25K | 389.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 1346052 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 478052 | 14 |
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| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| CAI (ASX) Chart |