Updated my cashflow model.
CAI is likely to produce 15k ounces and 18.5k ounces in Q3 and Q4, respectively.
CAI will likely have cash outflows of $15M during this period (H2 FY24). With only $10M cash and cash equivalents, they will need to perform a capital raise or defer payments to successfully transition to Bulletin in FY25.
CAI need 20k ounces per quarter to be in a cash building position. CAI is estimated to produce 22k to 25k ounces per quarter in FY25 depending on milling capacity.
Overall, this quarterly report didn't yield any surprises - the above could be mostly reduced from the production update earlier this month.
Updated my cashflow model.CAI is likely to produce 15k ounces...
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Last
12.5¢ |
Change
0.005(4.17%) |
Mkt cap ! $98.97M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.0¢ | 12.5¢ | $180.3K | 1.433M |
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| No. | Vol. | Price($) |
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| 9 | 396668 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 13.0¢ | 1346507 | 12 |
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| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
12.8¢ |
Change
0.005 ( 4.08 %) |
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| Open | High | Low | Volume | ||
| 12.3¢ | 13.0¢ | 12.3¢ | 898105 | ||
| Last updated 15.52pm 16/05/2024 ? | |||||
| CAI (ASX) Chart |