Australia's largest stock trading and investment forum Australia's #1 stock forum

CE1

Click for more information

0.00%

0.9¢ calima energy limited

Ann: June 2023 Quarterly Activities and Cash Flow Report, page-32

First 32 Last

Share
Profile

Follow
retorn123

1,579 Posts.

300

01/08/23

17:12

Post #: 69104591
Share

Originally posted by Aristotle777: ↑

If the guidance miss was caused by management's operation, what would have been the issue? poor engineering ? wrong drilling planning? or poor capability of budget control? There must be a problem that weighs above Calima's natural resources, and low oil price in June Quater.

So the question is when Mr.Kevol was in charge, the situation did not seem to have chance to reverse significantly, to meet the guidance. And why people would still be upset with Mr.Kevol's part ways with Calima?

If Mr.Kevol is not to blame, then Calima's Blackspur 's asset portfolio is destined to be unprofitable , BUT why the h**l did those 3 offers come around and poke Blackspur? Please give me logic.

Worst case scenario is I anticipate that offers are meant to take the asset to be run by the bidders themselves.

Having said that, I put my confidence in Mr.DeMong as new CEO and take operations to next level, otherwise it will be taken in hostile takeover mode, which will also not diminish shareholder's benefit as fair valuation is way higher than current market cap. That is my logic.

Expand

i wonder how ce1 managed to payoff their net debt by 7.8m when they were about to complete the transaction?

CE1 Price at posting: 8.6¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

CKA

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

BUX

Buxton projects new graphite province discovery at WA Narryer play

There are more pages in this discussion • 48 more messages in this thread...

First 32 Last

Add CE1 (ASX) to my watchlist