CAI Chart - technical analysis, page-517

Just to elaborate for those who dont know, a Darvas box is really a consolidation box. (Ive drawn some blue ones in on the chart below)

A chart is a repeating pattern - A trend forms, then a cosolidation, then the next trend, then consolidation....and so on. A trend may also skip a consolidation before moving to an opposiute trend. There is no time constraint on a trend or consolidation.

Unfortunately CAI may end up in a long consolidation until the debt and hedging position looks better, or until gold heads up for another run, unlikely whilst USD is strong. But that should come to an end in the next few years.

Then, with a weaker USD, and hedging and debt looking better, and hopefully higher grade stockpiles beefing up the head grade to the mill, Calidus will finally shed its skin.

Of course, Dave might get that grade up a lot sooner going on todays Ann. Fingers crossed and I am sure he is getting the good oil from ALK on how to go about it.