Auto,
As you say, you"ll either end up with some VERY cheap COE, or shares in a great little company. If the later I am sure COE's bid will at least be pressuring IPM management to realise/better demonstrate the underlying value.
That there are so few buyers for this and so many other quality stocks on firesale just shows how broken this market is.
EL
IPM
incremental petroleum limited
phone call from ipm, page-8
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