CAI 0.00% 10.5¢ calidus resources limited

Nice post Nathan."I feel at this point in time, we are focusing...

  1. 2,892 Posts.
    Nice post Nathan.

    "I feel at this point in time, we are focusing on JP's $150k purchase at 0.5c as the glimmer of hope we need. Not sure how astute that is. You know from your own experience as major shareholder and director of INT, that directors buy for many reasons like to build market confidence. Or sometimes they simply get it wrong."

    Good point, and I really now am undecided about this.

    Initially I thought JP's purchase was the sign I needed that something serious was going to happen. From a timing perspective, if I was him I would want at least 6 months between my purchase and the market announcement of a major deal just to protect myself.

    However, in those 6 months so much could have happened, and who knows if the deal is still there. What we do know is that the company will need to raise cash soon. Whilst I agree directors do buy to build market confidence, but NOT $150K worth. Now JP is certainly earning good coin, but he is no idiot.

    Next few weeks will see something happen, I can feel it in my waters.

    Kiril.

    I hold.


 
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