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.
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Last
0.5¢ |
Change
-0.001(16.7%) |
Mkt cap ! $3.532M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $6.441K | 1.288M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 100416 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 997831 | 2 |
View Market Depth
| Last trade - 13.46pm 11/07/2025 (20 minute delay) ? |
| IPB (ASX) Chart |