CE1 0.00% 0.8¢ calima energy limited

Same, am now just wondering if I can save anything from this...

  1. 1,557 Posts.
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    Same, am now just wondering if I can save anything from this fiasco. Trying to put all that Monteny stuff behind me and now assess value based on existing assets. On the surface it seems like there is some upside from here, just can't figure out how much. I am working on the theory that three things will happen: 1. this will be a takeover target in the short term (I guess somewhere in the teens), 2. it will get legs and the SP will run to reflect truer value (whatever that is), or 3. it will stagnate in its current situation and management will be the only ones to profit by paying themselves hefty returns for keeping the company afloat (effectively a self-licking ice-cream).

    I am buying at the moment, primarily to bring my average down in the event of option 1 or 2.......ever the optimist, but I am taking some comfort that management is also buying.


 
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