Observations at Calidus19 Feb 2021 10:15
we haven't achieved full financing through to production because Macquarie Bank don't exist and have never existed, we aren't about to start main mine development this Q leading to production in H1 2022 because there is actually no Gold whatsoever in the ground at Warrawoona, Blue Spec or anywhere else that Calidus has acquired interests in prospective licenses. 41c (pah, pfffftt, rolls his eyes in disdain) is the present value that is deemed to be our worth. 44% fall from 73c October high. Nigh on 20% down from recent well oversubscribed 51c placing, and the understandable not fully taken up pi offer. I bet the ones that didn't partake in said offer are sighing with relief. Of course Calidus is not alone, De Grey down 50% approximately from it's inflated high imo of $1.66 AUD. Latest 3 research valuations from 1 - Canaccord (30/11/20) - speculative buy @ 57c with a 90c target, 2 - Euros Hartley's (10/12/20) - buy (upgraded from spec buy) @ 53c with 100c target, 3 - Blue Ocean Equities (18/12/20) - buy @ 50c with 120c target and 140c strategic target. Interesting uphill battle ahead to achieve even the lower of the 3. My exit price being double the mid point of the 2 stated BOE valuations would seem to be fanciful at this point. Not a rant, just passing the time of day. Time to feed my favourite seagulls. :o).