Hi, in their last April presentation they said hedging would be reduced by 5000 oz for the first half of 2024 but it now looks like it has been reduce by 10,250 ozs for the half year, which is a good thing.
If that’s the case they then may also be paying more debt than $8 million stated for the first half of 2024, which is also a good thing.
This coming quarter will be crucial for CAI to seeing how it’s travelling and what direction it’s taking, the cash balance will say a lot, hopefully should be good with the average spot gold price being about $3550 aud for the quarter.
By year end they will need substantial funds to develop Bulletin and the underground operation at Klondyke.
The next 2 quarters debt repayments is $6 million a quarter and hedging 8,000 ozs per quarter.
Hi, in their last April presentation they said hedging would be...
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