No brainer, whether funds come in or not. Tranche A for A$40m supposed to come in soon, but do the simple math...
Shares on issue: 286,854,868
Tranche A: A$40m/286,854,868 = 13.9c/share.
Tranche A+B: A$302m/286,854,868 = $1.05/share
Total Market cap for IPB $8-9m(@3.0c/share).
Quay is experienced in the Oil/Gas sector and is not just a passive investor, check the CV for CEO. https://quaycorporation.com/leadership-team
Why would Quay want to pay Tranche A(A$40m) and then Tranche B(A$262m) for 50% interest in the asset, if drilling is successful? IPB cannot move forward without Quay.
The funds are in !, page-51
Add IPB (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.238M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1951550 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 7932441 | 6 |
View Market Depth
| Last trade - 16.12pm 09/08/2024 (20 minute delay) ? |
| IPB (ASX) Chart |
Day chart unavailable