CE1 calima energy limited

Citibank

  1. 8,367 Posts.
    lightbulb Created with Sketch. 873
    Citibank dumped that 15 million at 0.005 today. There has been one seller since early December 2019 dumping stock aggressively through Citibank. They've sold 80 million shares so far. That is over 4% of the company, love some colour on who it is, but been so long since I've seen an updated top 20 shareholders. So at these levels (assuming CE1 has about $5 million cash) we have an EV of $5 m which effectively values our lands at around $75 an acre,and our three wells & infra are valued at zero. This is well below the $4,500 an acre confidently exposed by management
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.