Member Info for pablo2

"after all, another six months, at least, to wait for the publication of the PFS." - blimey, you think waiting 6 months to virtually guarantee doubling your money is a hard slog?

Finished Up 25% at 3c !

Good recovery from recent lows

Now up 37.5% to 3.3c in the first 20 minutes down under

The 'hotcopper' kids like it, just holding out to see how CAI has opened with a twenty minute delay on the prices I can see.

Opened around 3.1c Up 29.2% !!!

I wonder if this just might bring some belief back into the CAI share price

Superb news ! Significant growth of 75% increase (1.25 million ounces) in total contained ounces
from the previously announced December 2017 Mineral Resource

From page 10 : "A Pre-Feasibility Study including optimisation, mine scheduling and metallurgical studies based on the upgraded Resource has already commenced with completion expected Q3 2019 to be immediately followed by a bankable feasibility study;"

Whether we may have to wait to Q3 for the positive PFS to be published before we get our CAI shares I'm not sure. If we do have to wait a few more months beyond June '19, so be it, looks inevitable now that we will qualify.

Will check again however at first glance it looks like your figures already include the escrow shares. If that’s right, the figure won’t go up from your 1.42 billion, just that all the escrow shares will suddenly be in circulation

cautious remark, what happens to the CAI sp when our 723,750,000 CAI get released from Escrow?

Obviously some are going into sticky hands, eg Dave Reeves', but a lot won't. Alkane recently took part in a CAI placing @ 2.95c with Options even @ 3.5c.

October '18 : "Calidus to raise an initial ~$3.7m via the placement of 125m shares to Alkane at 2.95c/share. This represents a premium of 13.5% over the last closing price and
is in line with the 5-day VWAP1
.
• Calidus to issue Alkane 70m free-attaching unquoted options, exercisable at 3.5c
each on or before 1 November 2019. This has the potential to bring another
$2.45m of funds into the Company (if exercised)."

Alkane seem confident yet the sp has dropped to 2.4c and someone is obviously hoping the sp will be high enough by November to trigger those Options being exercised, ie near or above 3.5c.

Going to need a damn good PFS to get the CAI sp uplifted And able to absorb some/most of our 723m shares on the market. There are only 849m CAI shares currently issued (Also besides Alkane's, there are about 113m other Options vesting this year(see 18 Oct ASX announcement)). So, give or take, the shares in CAI could be doubling this year (think these figures are accurate and reflect matters)

Thanks for that, yep it was all looking rosy and straight into production about 3 years ago but it all hit a brick wall. Looks like we have a much more sustainable Aussie operation now, when we get it running.

Don't anyone be too surprised or worried if this doesn't re-rate immediately. Lots of good news in the short-term mostly extending the Life of Mine of both Kapan AND Tulkubash.

Should get broker notes on our new status as producer very soon too

I too have been in this share a long time, certainly 5 or 6 years but I haven’t bothered with it for a long time. The huge value of Calidus that split off from KRS was never understood at the time by pi’s. DR got loads of stick, asset stripping and the like, but this year is the beginning of ‘payback’. Why Togo has taken so long is beyond me but with the bulk sample and link to CMTP the chances have never looked better. CAI sp is also down in the dumps but that has a few drivers coming up : further increase to R & R, the PFS, the price of gold, and a complete Sale not impossible. Think now is the time to average down or get back in, seems to me the odds are very much on the reward side of risk v reward

5 trades on NEX so far, can't see what advantage it is to us using NEX and minimising our noticeable liquidity

Just googling them soon brought me to SPAngel's Mining Flash note from Oct '18. Here I find the capex and opex costs for the bulk sampling. capex -$558,878 and opex $1,108,870 giving a total incl the 15% contingency included in those figures of $1.76m.

The sale of our sample is generating $2,4m (according to Dave R) so our tidy little profit is around $0.64m or maybe a bit more if contingencies not used

'schoolboy' I agree with you CMTP surely must have influence.

Don't you think that with that granting of the permit to do the bulk 10,000t sample last year, we can really hope that fuller permit is coming shortly?

Why would they grant the sampling and not let us continue?

I’m going to start a Twitter campaign to expose the value on here, I mean it’s better than BOGOF really, in that one doubles one’s value with CAI shares. I’m going to make it a mission, each day revealing another secret. So, you’be been warned everyone, get your shares now because I’m going to get others interested !

How’s that?

Maybe you're right about a new character liaising better with the Togolese, time will tell.

Anyway, Dave hasn't let me down, another email reply, remember I asked :
Could you further explain:
'at $6/dmtu for 40%, the initial 10,000 tonnes would be worth $2.4m USD.'

I believe there are 100 dmtu's in a metric tonne, so multiplying, one gets $6 x 100 x 10,000 = $6m. Does one need to multiply again by 40%? Can't see why the purity comes into the equation again? That seems to give your answer, ie $6m x 40% = $2.4m

We've had $1.5m up front and are therefore expecting another $0.9m if we deliver 10,000tons

SPAngel are presumably being quite conservative, estimating 6,000t per month or 72,000tons per year when we're going for 250,000 tons per year (after license !)
----------------------------------------------------
He came back with :
A dmtu is per tonne of contained METAL, so you need to multiply by the grade. Re extra cash expected, correct calculations.

Correct as well re SP Angel and the 72,000 v 250,000, we would obviously need to put in additional scrubbing plants to ramp up though.
-------------------
So, another $0.9m coming our way soon on delivery

5 trades today including the 3 through NEX.

4 fools Selling unless it's just the one greater fool, me. Buying !

Pinecone - hoping for another email when DR wakes up

Kapoww ! Transaction complete, shares back Mon/Tue. Re-rate?

See that now in the small print below graph on slide 7 (12th Oct Presenttion): Nayega 6ktpm Start-up

Yep, that explains SPAngel's conservative estimates.

Need that license for something to continue when sampling completed