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0.6¢ calima energy limited

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

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Rampaul

410 Posts.

65

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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Last 0.6¢		Change -0.001(14.3%)		Mkt cap ! $3.801M

Open	High	Low	Value	Volume
0.7¢	0.7¢	0.6¢	$112.3K	18.33M

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No.	Vol.	Price($)
2	6974869	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	4739528	11

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No.	Vol.	Price($)
2	6974869	0.006
14	16212000	0.005
12	5570250	0.004
4	5266000	0.003
6	6888880	0.002

Price($)	Vol.	No.
0.007	4739528	11
0.008	4050516	14
0.009	1561050	7
0.010	7925664	6
0.011	142857	1

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