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I doubt those that participated in the 20 mil cap raising are...

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Slyvestor

1,560 Posts.

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27/05/23

15:15

Post #: 67994921
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Originally posted by rosencrantz: ↑

Being a significant -not substantial-shareholder of Calima Glenn has been gracious enough to grant me a face to face dialogue when I have sought it .
The better word is smart enough.Though he tries to downplay it he has always been the smartest guy in the room when I have met him.
This staged interview should give encouragement to those CE1 shareholders who may be now inclined to doubt his credentials given that the stock has plumbed a 3 year low in the past week.
And, what would the CE1 price be - in the present depressed oil environment- were Glenn not to have undertaken that lightning weekend placement early in February, 2022 at 20 cents to raise $20m ? I give him credit for that unpopular decision.
We should remember that Glenn,too,is a significant- not substantial- Calima shareholder. All power to him in his role as the Company's chair.

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I doubt those that participated in the 20 mil cap raising are too thrilled, as it sits they need a 100% rise in SP just to break even. The only way I can see that eventuating is if there is movement on the Montney holding, and that is looking less and less likely.

But I live in hope.

CE1 Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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