With respect, CAI produced 11,950 oz for the quarter at an AISC of $A3011.00. They are hedged at $A2377. I know they had a bushfire (!), and are struggling with a cutback etc. but they are staring down the barrel of a CR- with significant dilution. They had to rent out their accomodation to Atlas iron for $A14 million, just to stay afloat.
They snuck their quarterly out just before Australia Day (unlike KCN). Sounds like they are in deep trouble to me.
What do we think KCN AISC will be?
Shout out to Inverse, who told me I was a liar, in regard to KCN releasing their Quarterly early this week. Tuesday wasn’t it?
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With respect, CAI produced 11,950 oz for the quarter at an AISC...
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