CAI 0.00% 11.5¢ calidus resources limited

Ann: Investor Presentation, page-209

  1. 2,339 Posts.
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    the fact DR said structural issues with the asx, not in a JV sense, peaked my interest because I believe Haoma have had asx issues (delisted?) in the past.

    I think if they can get 18-20k oz p.qtr from .9 gpt, they will have a reasonable operating margin and surplus cash after debt repayments, but it’s a bit on the margin (not profitablilty but cashflow). If a few things move 10% the wrong way at the same time, we will be low margin ie tight.
 
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