A friend spoke with the MD after the quarterly
The key points:
- They are considering a royalty deal to reduce debt service, increase capital expenditure and avoid equity dilution. The lender is happy with that plan
- The strip ratio should improve after H2 FY23. H2 FY23 should be the highest strip ratio
- H2 guidance is above the Stage 1 feasibility study average due to inflation (~25% cumulative), the temporarily high strip ratio and higher than expected dilution
- They are evaluating how to improve dilution. H2 guidance conservatively assumes no improvement in dilution. Dilution could be due to several minor issues (e.g. modeling, pit technicians, poor sampling, not properly facing up to the ore, etc.)
- Capital expenditure for Stage 2 Klondyke underground should not be needed until around H2 CY24
- The mood on the site is positive. Material movement is going well, which allows the team to focus on improving other areas
- Forums
- ASX - By Stock
- CAI
- Ann: Quarterly Activities Report and Quarterly Cashflow Report
Ann: Quarterly Activities Report and Quarterly Cashflow Report, page-145
-
-
- There are more pages in this discussion • 205 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CAI (ASX) to my watchlist
|
|||||
Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $93.67M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
CAI (ASX) Chart |
Day chart unavailable