@informativeation in an earlier announcement it was stated that the 40% profit calculation on the Haoma JV will be based on sales at spot price, not hedged price. Obviously if CAI somehow lose money on the gold poured from here then there is no profit payment to Haoma. 2 you know the answer to the following 2 questions:
1/ If profit is made from the Haoma JV to support CAI short term cashflow, when will the payment/s be made to Haoma for the 40% share? As this in effect is additional debt accumulation until paid to Haoma. I ask this as CAI have kicked debt repayment and hedging contracts down the road.
2/ As the above Haoma JV costs and gold poured will be accounted for separately, I assume it will also be separated when reporting to shareholders so we still know the Warrawoona viability/non viability. With this in mind, does that mean CAI will need to cease operations / remove all ore from the processing circuit for Warawoona and then replace it with Haoma JV ore? Stop start etc. If this is the case, it would have to mean less Warawoona processing which means less gold produced from Warawoona?
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