@Dazedandconfused and @DigitydavoHaving people repeat stuff over...

@Dazedandconfused and @Digitydavo
Having people repeat stuff over and over for the last 12-18 months doesnt change anything. CAI holders, and non-holders, know the main issue is the gold is not there compared to what was spuiked. The second is debt and hedging. If the gold was there things would be different
To say management cannot be blamed is silly. So who's to blame? The drillers, core samplers, the consultants used in the studies? To say management aren't to blame is incorrect. Management are to blame. They make the decisions to go with whoever. If you have a legal issue or mechanical issue with your car you choose who to go with. Some are sh1t and some are good
Ths SP is where it is due to the decisons CAI has made, and what has come out of the ground. CAI have had to re-structure, look for add-ons, and lease to raise cash and survive. And that is what CAI is exactly doing ... surviving. If the spot price drops 20% then what. As CAI is essentially on a knifes edge all you need is a few variables to go wrong and CAI is in deeper sh1t. Then what? Restrucuture the debt and hedges again, heavily diluted CR, or something else. Bigger companies have risen and fallen harder than CAI. The good news is MQG would not want CAI to go under as it is more work for MQG to sort through sh1t to get there money. It is smart business for MQG to adjust terms to benefit them as it is less work and the pay off is larger. If I was MQG I would be loving it as it is a win-win
Yes, there is Nullagine but can CAI make it work when previous owners could not. The proof will be in the pudding
Yes, this quarter should be better in terms if cashflow due to the restructure, but what about in 6 months time. We don't know but are hopeful a better position. This is not about laying in the boot or commenting for the sake of it or downramping
So yes, have a few things go wrong and $0.05 is not out of the question
The plan CAI has laid out sounds good on paper. CAI is hustling. We invest for returns. But management will continue to get paid