CE1 0.00% 0.8¢ calima energy limited

Ann: June 2023 Quarterly Activities and Cash Flow Report, page-56

  1. 4,770 Posts.
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    The Market you are talking about is the ASX .
    That Market is greatly disappointed by the fact that the business has not performed anywhere near as well as the host of paid for Analysts predicted .
    That Market clearly thinks the share is a dog .
    All present share holders are under water and after averaging down many are stale and won't do it again .
    Any increase in share price is sold into .
    The latest disappointment has caused capitulation .
    Disappointed share holders expecting a Montney monetization sale or joint venture .

    CE1 will be selling to Canadians much more familiar with the assets without the the negative factors above .
    Time will tell but I think your assessment that half the present market cap for Blackspur being a good result for CE1 is far too low and the value for the Montney will increase as more gas is required for the lng plants on the way .

    You said that the a sale of the Blackspur asset at half the market price would be an attractive sale or am I mistaken .
    If I am putting words into your mouth you did not say then I apologize .
 
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