CE1 0.00% 0.9¢ calima energy limited

OK, thanks…well I will reluctantly have to take your word for...

  1. 26,904 Posts.
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    OK, thanks…well I will reluctantly have to take your word for it. Seemed unlikely at first simply because they haven’t announced the much vaunted results of the 3D Seismic yet. I mean wouldn’t sophs want to know that first and wouldn’t they know the 5 day VWAP is only ~13.5c after a nearology spike after GHY’s hydrogen news in SA boosting BRU’s hopes of floating their 2H subsidiary and they were trading below 10c last month?? $8m total seems hardly worth it, at 11.5c that is 11.6% of SOI, so not too much dilution I guess. I don’t spose you are able to post any of the term sheet setting out BRU’s rationale? Cheers
    Last edited by CEOChair: 12/11/23
 
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