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

Thats the way I read it also, they need to wind the company up...

First 22 Last

Share
Profile

Follow
Ozline

197 Posts.

31

05/01/24

10:46

Post #: 71738305
Share

Originally posted by jophda: ↑

It says the performance rights vest if a sale of Brooks OR Thorsby Assets are sold for a price exceeding $A80 million .
They are selling both Brooks AND Thorsby Assets just a little more than that .

Words matter .

On my reading of the Announcement the RIGHTS SHOULD NOT VEST !
They would have to prove that the either the Brooks or the Thorsby Assets was valued at less than $A3.3 million in the deal and the other asset was valued at more than $A80 million for their rights to vest .

They need to sell all the assets of CE1 and return ALL the cash to shareholders .

There is a huge stink about this deal .

Expand

Thats the way I read it also, they need to wind the company up !

All that cash being withheld to keep this up and running for a well making $350,000 PA .. what a joke

Last edited by Ozline: 05/01/24

CE1 Price at posting: 10.5¢ Sentiment: None Disclosure: Held
7 Upvote

0 Great analysis

Reply

Top Stories

1CG

One Click Group jumps 4% after ending quarter with $2.4M in cash; $1M in revenue and 150K+ users on board

MRC

Mineral Commodities to shut down Tormin mineral sands project as oil spill contaminates beach

Trimmed CPI figure provokes market jump of 1%, but inflation pressures remain a reality

MGU

New results confirm Buena Vista's iron grades potential

KOB

Koba, formerly a cobalt player, gears up to become newest explorer in the uranium state: South Australia

There are more pages in this discussion • 88 more messages in this thread...

First 22 Last

Add CE1 (ASX) to my watchlist