CE1 0.00% 0.9¢ calima energy limited

Ann: June 2023 Quarterly Activities and Cash Flow Report, page-26

  1. 20 Posts.
    lightbulb Created with Sketch. 5
    Hmm i think this capital return bs is used by them to support the shareprice (Carrot on a stick) until they announce a capital raise to fix their messed up balance sheet. I doubt they will ever pay.

    check their march quarterly Update !

    Capital Returns

    Calima wishes to advise that it will make its 2nd distribution to shareholders for A$3 million. The distribution is intended to be made in July 2023. The Company’s objective is to increase the frequency of distributions to shareholders, and will advise on a further distribution in January 2024, subject to market conditions and commodity prices. The Company’s expectation is to provide an annual return of $5 million.


    the excuse (less than marketable Sale facility) is pure bs. I mean c'mon, dont they have other problems to fix than whiping Out a few minor shareholders to save a few bucks of charges when wiring the cr ?
 
watchlist Created with Sketch. Add CE1 (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.