Thanks @markyess for highlighting the explanations given by the company. I am aware of them.
There is always a reason why they didn't deliver what they said they would. They have been coming out like clockwork over the last 18 months to 2 years. The problem is they just keep never delivering what they say they will. What makes you think they will deliver next time? Does it make it OK as long as they tell you why they failed again? IMO 22,000 ounces in a quarter really is pie in the sky stuff.
They can't even get the chart in the quarterly correct to match the guidance. They can't even get the yearly guidance correct when you add the last half guidance to the already known first half production.
IMO There is no quality control in this company whatsoever. And that is 4 fifths of the problem. It would appear they're just throwing darts now.
And they are now taking all the risk mining Haoma's dirt without any risk to Haoma when Haoma got suspended for refusing to get a competent person sign off their exploration results. I think Warrawoona was Haoma's dirt via Keras and Calidus is in trouble now because the grade is not there!
We can all repeat the dialogue and project forward the numbers given to us by a company, but how many of us can actually critically examine what dialogue and numbers a company gives us looks correct or not?
CAI Price at posting:
18.0¢ Sentiment: Sell Disclosure: Not Held
(20min delay)