Its always dangerous to take large positions in specs, hopefully you got out by the skin of your teeth at this level.
I agree Daves credibility has taken a hit. Hes made a bad call on the AISC. The staffing issues are clearly not resolved. Theres no place for wishful thinking running an ASX company.
However, to put it into perspective, the new AISC makes CAI average like the other Oz goldies. Apart from CMM and NCM, I think you'll find all of the rest have AISCs around $2000 or more right now. Tough times, and I dont know if that s a reason why PoG is going up, because at sub $2000oz at present, a lot of goldies will struggle to make decent cash. For eg SBM nagative cash flow for six months now. If central banks want more gold to hoard, then the price has to go up so it can be continued to be mined..
Overburden will cost the company dollars, ar least down the track it wont be an issue anymore.
Broker reports are meaningless, they dont tell you anything, because you dont know who/what is behind their volume, and brokers often just buy and sell to create liquidity.
More teething problems, so the progress on improvements is slower than we hoped. At this Mcap/EV its not worth dumping, the prospects still look good long term to me. The CEOs /board's investment in this is a big drawcard for me.. Im staying tight.
- Forums
- ASX - By Stock
- CAI
- Ann: Quarterly Activities Report and Quarterly Cashflow Report
Ann: Quarterly Activities Report and Quarterly Cashflow Report, page-51
-
- There are more pages in this discussion • 299 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
(20min delay)
|
|||||
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