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12.5¢ calidus resources limited

Ann: Global lithium producer SQM takes 40% in Pirra Lithium, page-48

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bassguy

78 Posts.

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27/10/23

22:11

Post #: 70587157
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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.

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DR is also a lithium guy from a previous life if I recall correctly. Investing requires patience, we are living through some of the toughest times in living memory so inevitably not everything is going to plan. The doom mongers obvs like to play things down as much as possible of course

CAI Price at posting: 19.5¢ Sentiment: Hold Disclosure: Held
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Last 12.5¢		Change 0.000(0.00%)		Mkt cap ! $101.9M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
11	401668	12.5¢

Sellers (Offers)

Price($)	Vol.	No.
12.5¢	76500	2

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No.	Vol.	Price($)
11	401668	0.125
10	698390	0.120
16	1447626	0.115
20	1109370	0.110
12	1135997	0.105

Price($)	Vol.	No.
0.125	76500	2
0.130	1247559	12
0.135	926569	14
0.140	853223	13
0.145	258000	2

Last trade - 08.32am 17/05/2024 (20 minute delay)


Last 12.8¢			Change 0.000 ( 0.00 %)
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