I was comparing to the February presentation. If the market was previously pricing CAI on that, then imo the recent announcement is a downgrade. Yes, small increase in grade, but hardly anything to write home about. If I remember rightly, the share price rose in a similar fashion with the Feb preso but then fell below the pre-release price. Gold price having little effect due to hedging. Debt is still the main issue here.
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I was comparing to the February presentation. If the market was...
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