Ann: Calidus Grows Resource by 75% to 1.25 Moz, page-43

Alkane Resources comments last week has again proved their confidence in Calidus Resources  .
Key Words : Potentially support development financing . 
Considering the impressive Resource Upgrade and how well the price of Gold is performing ,  the sp continued  trading under 3 cents is mind boggling .

Alkane is putting part of its cash to work by investing in junior gold explorers. It's a new strategy under which Alkane will take equity positions and potentially support development financing. The first such move was a A$3.7 million placement  in Calidus Resources, which has subsequently lifted the gold resource at its Warrawoona project by 75% to 1.25Moz.
https://www.miningnews.net/resourcestocks/resourcestocks/1356718/alkane-maps-own-path-to-world-class-critical-metals-producer

Alkane Resources mining and exploration company invested $ 3.7 million at 2.95 cents   4 months ago whilst adding more than $ 556 000 a few months ago in December  . Fully funded through to Pre-feasibility Study (PFS) completion