CE1 calima energy limited

Ann: Director Change of Interests, page-5

  1. 4,928 Posts.
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    About 200 trading days in a year .
    100,000 shares per day for 200 days is 20Million shares or less than 1/3 of the number they could buy in a year without getting SH approval .

    The relentless promoting by sponsored analysts and promotional tours by management is not working .
    However the real value accretion by a large buy back will work !!!

    Those that think the surprise Credit raise was a master stroke because the company can buy back shares now at a lower price than the raise price need to consider that the participants in the credit raise were enticed to invest based on the information given to them by the management of this company .
    That information even during a time of very high energy prices has been shown to be over optimistic .
    Do you think that the participants in that CR are happy ?
    Do you think that they are not applying a management discount by leaving ?

    The chairman has bought significant amounts of shares on market and kudos to him for that .
    Other management not so many .
 
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