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11.5¢ calidus resources limited

Ann: Quarterly Activities Report and Quarterly Cashflow Report, page-204

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stag11

3,435 Posts.

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03/02/23

10:11

Post #: 66048365
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Originally posted by elzephyrus: ↑

None of this helps CAI much in the short term, except to give themselves some bargaining room on royalties perhaps, or back ending the loan. Even at 5m pq they'll run out of funds pretty quick. 31-36koz for 6 months just doesn't cut it. 70koz for the year doesn't cut it. That's a fact.

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I can tell you right now the royalty holder won't back down or sell his rights.
It is only payable on the profits in any case. I've seen the agreement.

CAI Price at posting: 27.8¢ Sentiment: Buy Disclosure: Held
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