CE1 0.00% 1.0¢ calima energy limited

At this point it's a bet on whether the directors are buying...

  1. 8,338 Posts.
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    At this point it's a bet on whether the directors are buying because:
    - they think they can sell the company to the same party who interested previously after the capital return
    - they are trying to secure their position by appeasing angry shareholders

    I think its the latter, but they are hoping to convince the market it's the former.
    Given they sold Montney for a measly $1million per annum saving, I think they are lowering costs so they can milk the Blackspur for wages for another 5-7 years given the low margins.
    But who really knows...
 
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