Sent Dave R. Edison's report and he came back with : 'Alas Ryan cannot do maths, they have spent over 4 million swirling 10% of 1.25mozs, so 125kozs or 32 aud per ounce!!! No bargain there...'
He means author/analyst Dr Ryan D Long and presumably swirling should be squirrelling. So haven't bought into CAI at AUD$2.4 an oz but AUD$32 an oz ! No bargain but paid over the odds!
Ann: Calidus Corporate Presentation, page-20
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