You may have also noticed that DCN has bombed and CAi's neighbour MOY has nearly gone belly up. It's hardly surprising that sentiment is low, it's not that CAI have anything wrong.
Yes grades look good. Obviously very important ; if you follow the Aus gold space GCY have just gone bust and both MOY & DCN have been hammered, all in the last few days. CAI seems a safe play.
They have never made it clear. However, ask yourself this question. If there is dilution why would anybody buy a share prior to the PFS, with a virtual guranteed loos of 20% in a month ?