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Consensus on Lithium!
Article outlining this metal and it’s potential trajectory!
https://www.kitco.com/news/2022-01-21/Car-ownership-may-fade-due-to-rising-battery-metal-costs.html
Make of it what you feel fit!
But more likely prices “will” rise!
PC
No Buy quote for £2000 worth !!!!
Do MMs not hold enough stock ?
Been long long time since i was last here.
Some positive things happening by the looks. I am pretty sure Togo would be sorted out soon. Quick resolution and moving forward is in best interest of ALL parties.
Lithium....hmmm, that could be very interesting
Price droping by 50% since Sep 2021 looks excessive in my opinion. Bounce could be on the cards soon.
I’ll hand you that one, Jim.
Keep your fingers to yourself, young man ;-p
A digitally convivial experience.
See how much nicer we are when discussing something going right ;-)
Totally agree with Jim. Based on gold only, around and after first pour, a price target of around $1.20 (MCAP of around $400-475m). Quick prove up of LOM, additional ounces from Blue Spec, Regional targets and Klondyke shear length and depth could see that follow Capricorn's trend. Most broker forecasts and projections are based only on the conservative resource reserve values in the Bankable Feasibility Study, we already have a significant bank of resources at inferred and indicated to prove up, before turning a drill in the other targets. I'm sure they'll be keen to prove up Dave's assertion of 'decades of mine life' in relatively short order and reduce the risk of being 'dinner' at bargain basement prices.
Lithium will be pure upside - provided there is accessible and exploitable resource, in enough volume to do something with!
I seem to recall one previous broker view that $1.20 was likely. That said, it depends if Blue Spec returns better than (conservative) expected numbers and more oz's, along with the other drill targets. Any uplift on that could only be more beneficial to the sp/mcap.
Early successes on the new Lithium play would, I presume, drive that higher too.
If we can notably extend Warrawoona length of mine and oz's available - as prop alludes to with Capricorn's value - then I for one don't see too much problem in the MCAP doubling from here (at least?).
Monty, My view - perhaps overly simplistic to some - is to compare it to Capricorn Metal, currently valued at 1.32 billion AUD, whose trajectory and resources we closely resemble - still considerable uplift therefore for CAI to experience.
Anyone got an MCAP view on CAI? Feels like it’s got plenty of legs for the next 12 months, but wondered if anyone has a more scientific view? Analyst views maybe somewhat outdated now?
Why, thank you Sir.
Argghh, blonde moment on CG!
A belated congratulations to you, Jim.
I became one since buying these almost 11 years ago!
By the time Keras multibags, I’ll be grandfather Propinquity!
One could argue that Auntie Barbara's pension fund has done good from the CAI distribution, and will likely x3 to x4 from it current price......... I ramp..... :)
But lets x10 bag KRS from here with a Togo licence and a kiss 'n make up over at DC, that'll boost Auntie Barbara's pension fund a little......... :()
All the best (an she, me and all holders will be V.happy....... :)
Calidus is one of those rare stock-market darlings that does what it says on the tin - and partly justifies my continual interest in finding those elusive multi-baggers - ahem, Keras, anyone?
'Surely it's about monetising the assets for the benefit of all shareholders rather than looking after their own and family/friends interests'
100% - the family and friends are shareholders just like the rest of us. It's probably an added incentive though, when you have uncomfortable family barbecues as you've squandered Auntie Barbara's pension fund....
I would expect the options would be aligned with most takeover scenarios - either a cash offer for shares or an offer of stock in the acquiring company.
Blimey Jim, Capital Gains? For Keras holders? Would there be anyone that would have to worry about that?! That has given me a good chuckle.
I appreciate that with the different listings, it would introduce some challenges - but not insurmountable, and still preferable to us all sitting here with dust and coal and some other entity picking up our potential projects.
Without pictures......! I'm pretty much stuck in the habit Prop......:)
not a very good wiv words...... :(
All the best (it may come time, but I'm not hopeful...... :()
Chesh, Was one of your New Year’s resolutions to write slightly longer sentences in the three standard paragraphs common in your LSE musings? ;-)
Surely it's about monetising the assets for the benefit of all shareholders rather than looking after their own and family/friends interests......!
......and however they do that, RL up to the plate alone, or with DR and/or CAI assistance, I like to see it happen....... :)
All the best (good chat between yous x2 as ever...... :()
I don't see how that could happen? Would we then have CAI shares instead of KRS and if so, how would that work?
I suspect many would have dealing and tax problems with that. I'm with IG and I can't have my CAI holdings in an ISA with them. Some have other brokers who don't deal with ASX at all, as found out in the debacle of the split. Selling and re-buying to move elsewhere could have CG complications too. That's why I can't see that happening.
At this current time of positivity for CAI, I don't think incorporating KRS and leaving it on AIM would be welcomed by the market or CAI shareholders.
Talk of this not being a lifestyle company and not lifestyle directors, would be undermined for sure if they made such a move to look after their own and family/friends interests.
Yep, agreed - it doesn't bode well for us in this current corporate shell in a market that has no patience and no faith in the brand, has little foundation to raise the money to maintain its existence - BUT it could survive longer on care and maintenance inside the envelope of a larger company, with more immediate profitability, a degree of common ownership and that would benefit from a diversified project base.
(To clarify, this is becoming more what I'd like to see, rather than what I genuinely think will happen - although I think there's more chance that this option would be explored than simply allowing this company to fold and give up the existing projects).