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Bullboard - Stock Discussion Forum Criterium Energy Ltd V.CEQ

Criterium Energy Ltd. is a Canada-based upstream energy company. The Company is focused on the acquisition and sustainable development of assets in southeast (SE) Asia that are capable of scalable growth and cash generation. The Company, through Mont D’Or Petroleum Limited, holds interests in Tungkal PSC and West Salawati PSC. Tungkal PSC covers an area of about 2,285 square kilometers and... see more

TSXV:CEQ - Post Discussion

Criterium Energy Ltd > collapse?
View:
Post by RockLobster1 on Aug 09, 2023 4:41pm

collapse?

anyone have insight as to why this is such a mess?  Looks like people are giving up and jumping ship!

Thought the deal would be exciting and help us... like VLE and TNZ have done.

disappointing ,....
Comment by oneoone on Aug 09, 2023 8:47pm
seems obvious the deal and or financing is not happening
Comment by RockLobster1 on Aug 10, 2023 10:34am
yes it is obvious that the deal/financing is in trouble, but not sure i understand why, and why it has dropped to half so fast.  It was at 20-50 cents before the deal and now 10 before it happens. The NR today says the deal is still alive but delayed to sept 25...  
Comment by teetznazz on Aug 14, 2023 12:57pm
Quite the drop off. Never a good sign. Regardless of what the company PR says, this is not good. Do you trust management that everything is as they say it is?
Comment by RockLobster1 on Aug 15, 2023 1:56pm
No can never trust management as they have to put on a nice spin....  the price is not a good sign.... I assume if they can finance it will be at a lower price... Hopefully they can salvage something
Comment by RockLobster1 on Aug 30, 2023 9:15pm
Cancelled... I think it's the better thing to do rather than raise money down here... sad how poorly the deal was received... but better to be patient than dilute at this price.
Comment by oneoone on Sep 01, 2023 8:04pm
i agree it sounds like they have shareholders interests in mind which is their own but that is why you want committed invested principals in a company  we will see if they can get a good deal for all shareholders
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