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1.0¢ calima energy limited

i wonder how ce1 managed to payoff their net debt by 7.8m when...

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retorn123

1,577 Posts.

298

01/08/23

17:12

Post #: 69104591
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Originally posted by Aristotle777: ↑

If the guidance miss was caused by management's operation, what would have been the issue? poor engineering ? wrong drilling planning? or poor capability of budget control? There must be a problem that weighs above Calima's natural resources, and low oil price in June Quater.

So the question is when Mr.Kevol was in charge, the situation did not seem to have chance to reverse significantly, to meet the guidance. And why people would still be upset with Mr.Kevol's part ways with Calima?

If Mr.Kevol is not to blame, then Calima's Blackspur 's asset portfolio is destined to be unprofitable , BUT why the h**l did those 3 offers come around and poke Blackspur? Please give me logic.

Worst case scenario is I anticipate that offers are meant to take the asset to be run by the bidders themselves.

Having said that, I put my confidence in Mr.DeMong as new CEO and take operations to next level, otherwise it will be taken in hostile takeover mode, which will also not diminish shareholder's benefit as fair valuation is way higher than current market cap. That is my logic.

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i wonder how ce1 managed to payoff their net debt by 7.8m when they were about to complete the transaction?

CE1 Price at posting: 8.6¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.0¢		Change 0.004(66.7%)		Mkt cap ! $6.334M

Open	High	Low	Value	Volume
0.7¢	1.0¢	0.7¢	$247.9K	33.21M

Buyers (Bids)

No.	Vol.	Price($)
1	555555	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.0¢	1070684	8

View Market Depth

No.	Vol.	Price($)
1	555555	0.009
6	5460265	0.008
5	7343571	0.007
9	24468617	0.006
12	15812000	0.005

Price($)	Vol.	No.
0.010	1070684	8
0.011	1427857	5
0.012	3500000	1
0.015	262857	2
0.019	8000	1

Last trade - 16.10pm 19/06/2024 (20 minute delay)

CE1 (ASX) Chart

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