Hey Stag,
currently, I agree. Not much the company can do about currency movements in the short term, other than hedging (I would be ok with some hedging of diesel etc). Will be very interesting to see what the AUD does over the longer term. So many variables!
On other matters, whilst its almost impossible to know their current spend versus actually completion (currently 50%), it does look like CAI is indeed fully funded, with perhaps $20-30m available for when they hit first gold pour early next year. We will see of course, but I am feeling more confident about this than earlier in the year. Current liquidity of $112m.
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Ann: Diggers & Dealers Mining Forum Presentation, page-6
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