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4.55%

10.5¢ calidus resources limited

Cheers explains it very well.

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btown

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12/08/22

15:48

Post #: 63083727
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Originally posted by markyess: ↑

"But with the initial cashflow committed to reducing debt, this additional capital will allow us to immediately accelerate our strategy to unlock our growth projects, which have potential to generate significant returns for shareholders."

So it was precisely per my previous post. The business could not have pre-empted the 20% inflationary pressures on Opex at the time of prior raises, and this will have had a material impact on cashflow liquidity against Macquarie loan repayment covenants.

In order to make rapid, value adding progress in an otherwise good market environment, our choices were down tools on expansion initiatives until cashflow/liquidity met conditions, or take a small raise and facilitate the rapid company growth plans.

The inflationary pressures were always likely to bite somewhere after managing to successfully navigate a major capital/development outlay remaining on budget through some of the most challenging macroeconomic conditions in decades.

All that said, I am keen to see news on commercial production plans, finalisation of the water upgrade to the plant, Blue Spec DFS, and drill results from the last campaign, all of which I feel are share price positive and at least feel overdue.

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Cheers explains it very well.

CAI Price at posting: 68.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 10.5¢		Change -0.005(4.55%)		Mkt cap ! $85.53M

Open	High	Low	Value	Volume
10.0¢	10.5¢	10.0¢	$324.4K	3.209M

Buyers (Bids)

No.	Vol.	Price($)
50	4028457	10.0¢

Sellers (Offers)

Price($)	Vol.	No.
10.5¢	601008	10

View Market Depth

No.	Vol.	Price($)
49	3978457	0.100
1	10000	0.099
3	64000	0.096
5	635842	0.095
1	51814	0.093

Price($)	Vol.	No.
0.105	601008	10
0.110	947893	16
0.115	1068590	7
0.120	366328	7
0.125	427823	7

Last trade - 16.10pm 25/06/2024 (20 minute delay)

CAI (ASX) Chart