CAI 0.00% 11.5¢ calidus resources limited

Still relatively unknown sums it up , have received a...

  1. 6,932 Posts.
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    Still relatively unknown sums it up , have received a confirmation that further drilling results will be released shortly .
    In the meantime stock price action will continue to be mind boggling .
    In June $ 4 million in Bank , just under $ 2 million in listed Investments in Pacton Gold in the TSX . Two Rigs drilling in the next few weeks , Capex that they are looking at is under $ 100 million which they think much of which will be debt funded . They need to get their market cap up which is currently $ 50 000 000 up to reduce dilution , peers at similar stage $ 140 to $ 150 million . Gold Price is sensational , cupboard is pretty bear with new gold developers coming through in Australia . If in production they would certainly not be a $ 50 million company .
    Last edited by MajorJohnny: 30/07/19
 
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