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11.5¢ calidus resources limited

Alkane's issues have been minor. 1. Calidus shareholding2....

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elzephyrus

5,509 Posts.

326

28/02/23

15:37

Post #: 66515474
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Originally posted by Load: ↑

ALK is $300M EV? They are listed as $400Mcap on Marketindex right now, + $70M in the bank too, iirc?
They are also polymetallic. Boda is a big system with huge low grade hits , for ex
KSDD031 383m @ 0.8gt Au, 0.3% Cu
KSDD015 1249m @ 0.2gt Au, 0.1% Cu
so the potential is there for them to move up to tier 2 producer level. So not surprising you find them better value.However they do have "issues" from time to time, with large drawdowns in the SP ,as the chart shows.

View attachment 5096572

But I agree, Technical Analysts will see, that the CAI SP is highly unlikely to stay down here where it is now in the long term. I dont ever recall seeing a 70Koz Gold producer at this valuation. I think a fair amount of people , including some of the dumpers, will re enter when the financial issues are sorted out.

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Alkane's issues have been minor.
1. Calidus shareholding
2. Delayed approval for Tomingly extension (done now)
3. Major shareholder selling down due to margin calls on other investments (this is speculation as to the reason)

Alkane has circa 120m of liquid assets and hedging is well above current gold price.

CAI Price at posting: 23.0¢ Sentiment: None Disclosure: Not Held
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