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

Its been confirmed that there has been no debt repayments this...

First 98 Last

Share
Profile

Follow
winternight

102 Posts.

78

25/06/24

10:19

Post #: 74473787
Share

Originally posted by markyess: ↑

From listening to the Crux interview, it sounds like hedging and debt repayment have been paid this quarter despite the agreed breaks. This could make sense given the tone around the time of the restructure that DR was reticent to do both the CR AND the debt restructuring at the same time, but was obliged by Macquarie, so it was in essence a double dip on the balance sheet. The CR and share subscription were both over subscribed and so it’s possible that the debt/hedge forgiveness were forgone to make some headway on the liabilities, in light of the larger than planned equity injection. Just a thought, it’ll be evident in the quarterly, so anything else is pure idle speculation for now.

I’d have liked to have seen some free cash used on capital investment, such as the Bulletin overburden clearance - however, if this has now been deprioritised behind Nullagine (which again, seems likely as it’s wholly owned, cheaper capital start up etc. etc.) so be it. Again, it’ll become clear fairly soon, and until it does, speculation is broadly idle.

Expand

Its been confirmed that there has been no debt repayments this quarter, only interest payments

CAI Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

AZY

Antipa's Minyari Dome reveals gold up to 24g/t through drilling at key prospect

MM1

Midas logs 17 spodumene pegmatite targets over 4km at Aylmer Project in Canada but drills while off

SRL

Scandium a priority metal for Sunrise as it plans feasibility update at Syerston

PYC

PYC commences new study on drug for eye condition Retinitis Pigmentosa type 11

OCC

Orthocell shares jump on record revenues from sales of collagen bone repair devices globally

There are more pages in this discussion • 96 more messages in this thread...

First 98 Last

Add CAI (ASX) to my watchlist

SPONSORED BY