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Would be nice but think cai is being primed for T/O after upgrade and well into the dfs. Perhaps mkt cap around 150m aus$ by then? Depends on drilling this yr obvs. I also wonder whether togo might be sold off to the mysterious company who did the bulk sample after the cai distribution. The management really need to be dissected over the reasons for licence delay at the next meeting. And the loan repeyment money.
I presume the money from the bulk sampme will show up in the accounts at some time. Its interesting that it wasnt mentioned in the rns as in 'krs has saved money' on the loan repayment because the investors have takens stock options instead'. Why were they not repayed in cash?
I was under the impression that the loans were temporary and to be paid off by the proceeds from the bulk sample. What happened to that money? I think shareholders need better answers on imminent licences. What is being done about it?
Calidus Resources
@CalidusLtd
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2h
NST launches $243m takeover for Echo. Echo has a BFS showing 95,000oz pa @ A$1,095/oz for 4 years. Calidus has a PFS showing 97,000ozs pa @ A$1,159/oz over 6 years and has a market cap of $73m highlighting the large potential upside inherent in Calidus
Another one maybe gone from the recent cai presentation. Wonder why DR chose those as comparisons?
Correct, pretty much guaranteed pfs was going to be fine and arrive q2/3 this yr. What we need to know is the date at which you need to hold shares to be eligible for the calidus transfer. Doubt it will be given in advance (officially).Brave selling now i would think.
Also, manganese licence please.