CE1 0.00% 0.9¢ calima energy limited

Seems odd to suspend while “negotiations are being completed” -...

  1. 216 Posts.
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    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
 
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