Ann: CALIDUS SECURES $110 MILLION DEBT FINANCING FOR WARRAWOONA, page-28

I try to always be critical, and on face value, the debt facility is an impressive outcome.
Approx 90% of the capex and pre-production covered, with 25% of production for the first 4 years hedged, which is lower than most of the funding agreements required. Exploration & Admin, plus having a decent buffer, will hopefully mean CAI will only need to raising around $20-25m.

I dislike Mac bank, but... hopefully as others have mentioned, CAI management have so far, not shown any mistakes in judgement.

Couple this announcement with the Novo renegotiated purchase of Blue, and it would indeed seem that CAI has been able push out the final capital raising (as above), to early next year. Sector sentiment is poor at the moment, with a little luck, it will be very different in the new year.

Happy to hold.