CAI 0.00% 11.5¢ calidus resources limited

Ann: Record Gold Production at Warrawoona, page-8

  1. 439 Posts.
    lightbulb Created with Sketch. 79
    Wow you guys are naïve

    Barely a bees dick above the bottom end of an already reduced guidance and guaranteed they triple stripped the gold circuit to make it as well.

    Given they are pushing the mill 20% above nameplate, what that says about these production numbers is that the grade is not improving and neither is reconciliation and therefore cashflow.

    Anyone that believes the reducing cash tin has actually increased as a result of this quarter is delusional.

    Celebrating this result is akin to someone thinking they are picking up a piece of dog sh*t from the good end.

    All buyers beware IMHO
 
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