CE1 1.92% 12.8¢ calima energy limited

Ann: CALIMA SECURES TOMMY LAKES INFRASTRUCTURE, page-42

  1. 7,966 Posts.
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    Nope, when they do it will be part of the debt package, and that won't be happening in this environment. Also IF they decide to build that pipeline, that will be next winter at the very earliest , this winter has basically already started (when the ground is hard). The vehicle is now run by consultants who will get paid in shares and Whiddon who will pay himself next to nothing, our $4 million (after the pipeline) will get us though into 2021

    Last week, Calima traded tiny 27 million shares at only 4.3 cents average, hardly a ramp, just a modest reaction to a bounce in the Canadian listed Montney plays last week (they gave back a bit Friday, but still a solid week) . I have 0.006 as monster resistance, really doubt we will break that with out serious volume trading, having said that I think 0.003/0.005 is just too cheap, and that we could amble into a more appropriate 0.005 to 0.008 type affair, never hurts to dream
 
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