Hmm i think this capital return bs is used by them to support...

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 ?