CE1 calima energy limited
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The reporting is full of shenanigans.The last quarter had an...

  1. Lets Find Oil
    309 Posts.
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    31/07/23
    17:03
    Post #: 69085490
    The reporting is full of shenanigans.
    The last quarter had an extra $7.6m in capex not reported as it was creditors (not shown as debt in March quarterly) and now it has been paid this quarter it is called debt reduction. Thus it was totally misleading in Mar23 qtr.
    Then mgt provided update that free cashflow was $7.6m this quarter. FFS this is all bs.

    Hold sentiments only for Montney. Unless there are substantially higher oil and gas prices Blackspur does not provide enough return for the risk.
    CE1 Price at posting: 9.2¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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