CAI 0.00% 11.5¢ calidus resources limited

Ann: Quarterly Activities Report and Quarterly Cashflow Report, page-113

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  1. 6,743 Posts.
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    If the quarterly numbers and future forecasts are as bad as some people are making out here, and Dave actually privately shared those same negative sentiments, I can't imagine he would give a short interview a few days before the ann, sporting a big grin on his face. That would make him look like a complete tosser. I don't believe that's the case at all, and I still have faith in this guy and his team, despite all the roadbumps, as CAI swings into full production. The majority of the gold producers are struggling with costs and worker availability right now, CAI is no exception. The world is just emerging from a 3-year global pandemic for goodness sake. Its a small miracle that CAI has been able to report nameplate production on schedule. Also, the SP was already trading at a significant discount around 40c when the selling began on Friday, finishing around 30c at an even bigger discount. If the SP has a "2" in front of it, then I'd say its trading at silly prices with a market cap just north $100m. A stupid valuation given they aim to produce >100,000oz pa of gold.

    All IMHO, DYOR
 
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