Australia's largest stock trading and investment forum Australia's #1 stock forum

CAI

Click for more information

0.00%

11.5¢ calidus resources limited

Ann: Global lithium producer SQM takes 40% in Pirra Lithium, page-46

First 46 Last

Share
Profile

Follow
Watchfulbull

2,339 Posts.

1173

27/10/23

20:28

Post #: 70586078
Share

Originally posted by Watchfulbull: ↑

I remember clearly 3 or more presentations by DR about 18 months ago where he said “junior gold miners are out of favour, if only we had a sniff of lithium we’d be killing it haha …etc”

so what did he do - whilst bringing a gold mine into production (awkwardly), he found lithium opportunities and synergies within CAI, and proceeded to create another feather in the cap. At an extremely small cost too.

if we can get a decent drill hit or 3 at the tabba tabba shear, we could quite realistically have enough pirra equity to be debt free. Drlling will start immediately and it’s not deep drilling so could have first batch of assays in 2-3 months.

I also think this will be part of the ongoing conversations with Macquarie about finance terms. In terms of loan lvr and underlying security but also I bet Macquarie would like to take advantage somehow on the next SQM lithium prospect.

Expand

just to be clear, before the downrampers clobber me, I am not suggesting Cai in any scenario will be debt free in 2-3 months lol, just that if a few things aligned we could have that amount of additional value/equity via pirra

CAI Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

Reply

Top Stories

HIQ

HITIQ's sensor-containing mouthguard OK'd by World Rugby specifications board

EVN

Evolution shares up 3% on quarterly results for June showing rise in gold production

AI stocks: What to expect in 2024-25

DMP

Domino's locks in biggest faller status on Thursday as it closes stores in Asia, Europe

FMG

Andrew Forrest was seemingly possessed by the spirit of hydrogen – now he's cut 700 jobs and canned FFI

There are more pages in this discussion • 2 more messages in this thread...

First 46 Last

Add CAI (ASX) to my watchlist