CAI 9.52% 11.5¢ calidus resources limited

Cheers for the T/A Fbx.I was reading through some of the old...

  1. 11,481 Posts.
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    Cheers for the T/A Fbx.

    I was reading through some of the old broker reports, and still feel this one is the best.

    CAI August 2019

    I found this table makes CAIs current SP look particularly surprising.

    https://hotcopper.com.au/data/attachments/2083/2083216-d0871f613fe4e6fe2fb3da18cc8f0f5d.jpg

    Obviously the numbers are all pre-consolidation (10-1 shares).
    But... the upside... is simply huge.

    I think I posted this last year, but... I think it still provides a very good argument as to why CAI current share price is such a opportunity.


    https://hotcopper.com.au/data/attachments/2083/2083218-cea77f36c287f2711b5e4bda84f156a5.jpg
    https://hotcopper.com.au/data/attachments/2083/2083229-3aecb9d7dcf177e612e76587ff979c0f.jpg

    CAI on the above chart, still has not moved!
    Yet is now less than 6 months away from the expedited DFS.
    It also does not include the upcoming resource and reserves upgrade/conversion.
    On current reserves, CAI is trading at just $116 per ounce. Yet, price of gold has increased by almost $1000 AUD.


    In regards to M&A -

    Since this report was written, we have seen RMS move on SPX (with a price per ounce in resource, yes, its U/G, but still. from memory, they paid $571!!, per ounce)

    https://hotcopper.com.au/data/attachments/2083/2083240-9e205dc435c56b996482f8d5623f2868.jpg
    https://hotcopper.com.au/data/attachments/2083/2083241-c6c3ac92b23418658dee2fb24b5a218e.jpg
    Early 2020 RMS SPX 52% Script & cash A$208m Penny Takeover

    Its a shame the table does not show the resource and reserve metrics.

    Either way....

    Only DRM on that list was an actual producer. The rest were satellite projects to add to current plants.
    With so few solid development ready projects on the ASX, well... I am surprised we have not see the likes of CAI snapped up.
 
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Last
11.5¢
Change
0.010(9.52%)
Mkt cap ! $71.11M
Open High Low Value Volume
11.0¢ 12.0¢ 10.8¢ $396.0K 3.513M

Buyers (Bids)

No. Vol. Price($)
2 435000 11.5¢
 

Sellers (Offers)

Price($) Vol. No.
12.0¢ 344682 4
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Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
Last
11.5¢
  Change
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Open High Low Volume
11.0¢ 12.0¢ 10.5¢ 1884412
Last updated 15.59pm 29/03/2024 ?
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