The way gold is moving atm I'm surprised the recent buyers are happy to take a meagre 20 - 30 percent when calidus could easily be double the 10.5c buy in by the end of this quarter with 40-50 million in the bank. Sure there's still debt and hedge to repay but cash on hand creates opportunity with options and time. Every deal over the last years been from a position of complete weakness and desperation to survive. Time to take a few forward steps and throw a few punches...
CAI Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held