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13.0¢ calima energy limited

I don't getvthe reinvest thesis. No retail and I doubt many...

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Rampaul

392 Posts.

63

01/01/24

23:10

Post #: 71685064
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Originally posted by Slyvestor: ↑

Nothing left if the Blackspur assets are sold, except for the name and some office furniture. It is effectively a sale of the company unless management decides to invest the money into something new.

Not sure what the acceptable sale price will be, but it will likely represent a loss for the long term holders who bought in at 20c. I was one of those but took the punt that a sale would eventually occur and have been buying since it dropped below 7.6c to get my average down. 12c will see me get a slight profit, anything less and I will have to mark this up as a loss.

I think there may have been some deliberate selling down leading up to this offer, it had the desired effect in driving off many of the hard core belivers and will make a low ball offer look much better. My guess is low to mid teens....Management were buying up after the Montney sale at 9c, they saw that as a good price and they new what the previous offer price was.

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I don't getvthe reinvest thesis. No retail and I doubt many instos woukd bevin favour of reinvesting and it's not something they have signalled previously. Given track record you would think wind up is only merciful and viable path forward.

CE1 Price at posting: 6.5¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 13.0¢		Change 0.005(4.00%)		Mkt cap ! $79.13M

Open	High	Low	Value	Volume
12.8¢	13.0¢	12.8¢	$24.26K	189.7K

Buyers (Bids)

No.	Vol.	Price($)
17	20305066	12.5¢

Sellers (Offers)

Price($)	Vol.	No.
13.0¢	3299305	39

View Market Depth

No.	Vol.	Price($)
17	20305066	0.125
6	488333	0.120
2	90000	0.115
1	50000	0.110
1	50000	0.105

Price($)	Vol.	No.
0.130	3299305	39
0.135	2044500	17
0.140	110988	1
0.145	10000	1
0.150	284754	6

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