Hmm i think this capital return bs is used by them to support the shareprice (Carrot on a stick) until they announce a capital raise to fix their messed up balance sheet. I doubt they will ever pay.
check their march quarterly Update !
Capital Returns
Calima wishes to advise that it will make its 2nd distribution to shareholders for A$3 million. The distribution is intended to be made in July 2023. The Company’s objective is to increase the frequency of distributions to shareholders, and will advise on a further distribution in January 2024, subject to market conditions and commodity prices. The Company’s expectation is to provide an annual return of $5 million.
the excuse (less than marketable Sale facility) is pure bs. I mean c'mon, dont they have other problems to fix than whiping Out a few minor shareholders to save a few bucks of charges when wiring the cr ?
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