Australia's largest stock trading and investment forum Australia's #1 stock forum

CE1

Click for more information

14.3%

0.6¢ calima energy limited

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

First 32 Last

Share
Profile

Follow
retorn123

1,577 Posts.

298

01/08/23

17:12

Post #: 69104591
Share

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.

Expand

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
2 Upvote

0 Great analysis

Reply

Top Stories

MiningNews Select Conference: Look further afield for funding projects, advises Rick Rule

ASX Market Close: Index gains 1% after interest rates pause | June 18, 2024

LSR

From the Floor question: "Why are you going back to Ned's Creek for a drilling campaign?" | Lodestar Minerals

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

MiningNews Select Conference: Smooth permitting, strong teams the key to project success and reaching demand

There are more pages in this discussion • 48 more messages in this thread...

First 32 Last

Add CE1 (ASX) to my watchlist

(20min delay)
Last 0.6¢		Change -0.001(14.3%)		Mkt cap ! $3.801M

Open	High	Low	Value	Volume
0.7¢	0.7¢	0.6¢	$112.3K	18.33M

Buyers (Bids)

No.	Vol.	Price($)
2	6974869	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	4739528	11

View Market Depth

No.	Vol.	Price($)
2	6974869	0.006
14	16212000	0.005
12	5570250	0.004
4	5266000	0.003
6	6888880	0.002

Price($)	Vol.	No.
0.007	4739528	11
0.008	4050516	14
0.009	1561050	7
0.010	7925664	6
0.011	142857	1

Last trade - 16.10pm 18/06/2024 (20 minute delay)

CE1 (ASX) Chart

SPONSORED BY