CAI 0.00% 11.5¢ calidus resources limited

watch for a break of 1.5c punters, page-23

  1. 5,184 Posts.
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    What a ridiculous discussion.
    Trading skill stems from experience, good research and a feel for the market, it is in no way gender related.


    Good buying today, shows that market is waking up to an ann in May, I would assume.

    This long delay serves 2 purposes.
    The options will have 2 weeks or more for a price above 2 cents of the heads to convince option holders to convert.
    That would need to happen in May as leaving it to June would be a dangerous game, options are not traded well close to expiry.

    The other reason for this delay, in my opinion, is caused by a marketing campaign in the making.
    Booking ad slots and screening time is a procedure which takes time as it has to be coordinated with institutions outside the company, namely TV stations, radio and of course Crossmark.
    Many parties in the mix now which makes this a slow process.
    Apart from that, we obviously produce more product in the moment which delays delivery as well.
    Production cycles should not take longer than 4 weeks, so we should be up on that one.

    It appears that market is anticipating news soon, I would expect more buying pressure over the next days.


 
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