The trigger may well be the FIRB approval on the WISCO purchase.
I can understand the market discounting this somewhat until the money is in the bank.
But as soon it is FIRB approved, and it has been over 6 weeks - don't these people have some sort of service standards? - it will be hard to ignore CXM's value.
When I look at some of the IO developers in the west, and their EV's, and look at CXM and its negative EV (I am including in the receivables here), there is no comparison.
Y
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