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0.9¢ calima energy limited

Ann: A$20 million Equity Raising Completed, page-36

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367 Posts.

26

09/02/22

15:45

Post #: 59461051
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Originally posted by Pastry1: ↑

Still here bruv imho it isnt a bad outcome but im waiting for the issued shares to hit the market same thing happened when BRK CR the shares dropped by around the same % as the dilution 1-2 days of trading after the halt happened but post share being release the price kept plummeting.

There is no options in CE1 case so it shouldn't fall by 50% like BRK did (but hey it might) but considering we are in a 'strong market' today and we are seeing a ~10% drop in line with the dilution (without any actual dilution) i reckon there is more pain to come happy im out my position at 21cents glad we didnt see a free fall allowed me to 'take profits' if your holding then good on you but thats the game i guess.

if im wrong i still made money if im right i get more stock for the same $ - it is called edging ones bets

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I'm not sure why institutional and sophisticated investors would be rushing to dump their shares below their 20c purchase price as soon as they become quoted on the 17th

BRK's last raise and this one are like chalk and cheese

CE1 Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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