CE1 33.3% 0.8¢ calima energy limited

Garpy there is no doubt that CE1 has been a Dog .You only have...

  1. 4,768 Posts.
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    Garpy there is no doubt that CE1 has been a Dog .
    You only have to look at the Share price path over the last several years .

    However you will crash if you drive forward just looking in the rear vision mirror .
    Every Dog has its Day .
    Buying the "Dogs of the Dow " has been a successful strategy for some .

    The Market has said the purchase of Blackspur has not been a success for CE1 but it has produced time for the Montney values to mature as the LNG plants get closer to what should be a big uplift in Montney gas prices .

    Big reaction to the sale not occurring but CE1's commentary of what occurred does not really justify a negative reaction .
    What they wrote seemed not all that clear but it appears that they were discussing prices for the Blackspur assets at higher prices than the the present CE1 Market price .
    We don't know exactly why the deal fell over .
    It may not only have been price , lots of other reasons like payment terms or guarantees etc.

    Now that the exclusivity period no longer applies I hope that their expectations of other bids is not just empty rhetoric .
    Over all I rate the share higher than before the trading halt and have bought some more .
 
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Last
0.8¢
Change
0.002(33.3%)
Mkt cap ! $5.067M
Open High Low Value Volume
0.7¢ 0.8¢ 0.7¢ $211.2K 29.16M

Buyers (Bids)

No. Vol. Price($)
6 5099015 0.8¢
 

Sellers (Offers)

Price($) Vol. No.
0.9¢ 2489288 11
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Last trade - 13.25pm 19/06/2024 (20 minute delay) ?
CE1 (ASX) Chart
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