Get a plane ticket mate, go down there and ask for a meeting....

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27/09/23

18:04

Post #: 70058927
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Originally posted by Capsicum50: ↑

DR needs to come out and honestly discuss what is going on with CAI.

SH need some inspiration and confidence about their hard earned money invested in CAI, which at the moment
looks like is going down the drain, I mean 15.5 c

It looks like management is trying to do too many things badly instead of doing few things correctly.

It will soon be Year and a half since first gold pour still CAI is far away from DFS numbers.
I mean 90,000 ounces yearly (DFS numbers) vs roughly 65,000 ounces (31,364 ounces poured in first half of 2023)
( 27% drop - why is there still so much dilution)

Dilution is not allowing debt to be paid back quicker, hedges are affecting cash generation
I mean DR has to come out and honestly own what is happening

Clearly we don't have and we are also not generating enough cash to fund the futuristic expansions
talked about in announcements, also the rate at which SP is dropping I-2 more bad quarters
and even CR will start getting difficult & of course we all SH do not deserve unnecessary dilution with CR.

What if we decide to just offload (SELL) our Lithium tenements - roughly how much cash will it bring in
to once and for all repay the debt and at least have positive effect on our gold operation.

Management needs to focus their energy on 1 thing at a time instead of trying to do 10 things
especially knowing we don't have enough money for it.

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Get a plane ticket mate, go down there and ask for a meeting. Sit down and tell them how you think they should do things, I'm sure they'd really really appreciate it.

CAI Price at posting: 15.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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