CE1 0.00% 0.9¢ calima energy limited

Ann: Suspension from Quotation, page-26

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 218 Posts.
    lightbulb Created with Sketch. 112
    Seems odd to suspend while “negotiations are being completed” - plenty of other companies with much larger deals are able to keep trading while a deal is negotiated in the background under confi arrangements. There was no share price activity prior to Monday to suggest that there was any leak/unusual trading activity.

    I hope the board know what they are doing - going on trading halt to finish negotiations before a deal is struck might give leverage to whoever the bidder is - knowing that the clock is now ticking to 3 weeks for us. There would be nothing worse that setting the expectation of a deal and in 3 weeks time coming out of halt with the bidder having walked away. Not sure why they couldn’t have waited until a deal was executed or a terms sheet/indicative offer received before disclosing. Seems a bit amateurish tbh

    … but I’ll eat my words in 3 weeks if we get a treated to 30c lol
 
watchlist Created with Sketch. Add CE1 (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.