So you guys want to buy the co that is fully priced, or even over priced instead of the silly prices here ?
If MPO was 16 cents it would still be under what the market is prepared to pay for MEL relatively .
Don't let the correction delude you .
MPO is unambiguously cheap, and that is why it is being bought whilst MEL and ESG are flat .
The management will want as many of those options exercised . If you think they are going to twiddle their thumbs till June whilst the rest of the CBM sector is progressing on the back of their assets, think again .
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