CAI 0.00% 11.5¢ calidus resources limited

Ann: Maiden Resource to underpin Nullagine Restart, page-121

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  1. 7,594 Posts.
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    The free cash flow this 1/4 provides the money needed to finance increased productivity. If it is used to pay down debt it means the hedge position will continue to be greater than 50% of produced ounces.
    Increase the ounces produced = greater free cash flow and minimises the potential for further CRs.
    It makes sense that only the interest be paid this 1/4.
 
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