CE1 0.00% 0.9¢ calima energy limited

Ann: June 2022 Quarterly Activities and Cash Flow Report, page-39

  1. 1,240 Posts.
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    Friend, please tell me you're taking the piss? I'm not sure if you are but I hope so. "....credit to the BOD...they can buy back at 14c. Amazing foresight by our BOD"

    Shareholders now starting to laud management nous & strategy for driving the share price down by delivering a(nother) poor Quarterly so that they can buy more shares back cheaply? Shoot me now.

    We've been buying this up until yesterday. No small investment as our combined family holdings put us in the top 12. Bought on the potential & narrative (undervalued underlying asset base/macro tailwinds/favourable jurisdiction etc), selling on the operational/executional fact.This was a capital allocation mistake on my part. Taking the hit & reallocating to other Canadian oilers.

    Good luck to holders.
 
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