There is a recognised way to project upward moves based on the historical repetition. On that formula the present rise in the PoG is heading to AUD$3600 as the next level.
If ever there was a moment for CAI to restructure the hedge book now looks good. For the rest of this year CAI can sell most of the production into the spot price. (9,000 oz were to be delivered this 1/4.... 11,000 ozs remain to be delivered)
1500 oz week x 39 weeks (next three 1/4's) = 57,000 oz - 11,000 oz = 46,000 oz
46,000 x 1300 (Spot - AISC) (PoG = $3400) = $60M operating profit from now to Dec. (if PoG keeps rising things only get better)
The March 1/4ly will not reflect the changes. The June 1/4ly will.
There is a recognised way to project upward moves based on the...
Add CAI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
12.5¢ |
Change
-0.010(7.41%) |
Mkt cap ! $95.16M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 12.5¢ | $145.5K | 1.121M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 550752 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 277416 | 4 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
12.8¢ |
Change
-0.010 ( 3.77 %) |
||||
| Open | High | Low | Volume | ||
| 13.0¢ | 13.0¢ | 12.5¢ | 960726 | ||
| Last updated 15.18pm 03/05/2024 ? | |||||
| CAI (ASX) Chart |