STTCOMP CAI FA Long
Calidus Resources (gold WA)
I have been holding off a bit before tipping this but with the gold price perking up this is starting to move. Has been trading around sub 55 cents consistently for a week or so... closed at 57 today.
Plenty to like about the company.... MC = $145M, recently completed a CR at 50 cents to raise $25M, rapidly moving forward on plans to become a producer. CEO holds ~7%, ALK holds ~12%....
3 short term price drivers.... due to release a DFS this month, drilling the resource down to 500m's for the first time to demonstrate a longer mine life (all drilling so far no deeper than 250m's) and also drilling a nearby copper prospect which hasn't been explored using modern methods.
This is a useful post (thanks
@Andee ) with a video presentation about 3 weeks ago.
https://hotcopper.com.au/threads/latest-dave-reeves-presentation.5599613/page-2?post_id=47002400Disclosure: I hold CAI.
