IMO IPB's share price will be smashed if Cal Energy pull out
IPB told me that extension of the permit is 'procedural' IF you have a rig contract in hand
However, if not...... there has got to be higher risk that IPB might lose the asset..?
And if IPB lose the asset...? cash in hand will be way below the current market cap and Mr Market gives little value to cash. so watch out below.
It has me concerned that this scenario is even being discussed.....
Gosouth
berkshire hathaway ipb closer to spudding , page-24
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Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.238M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1432355 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 975004 | 4 |
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| Last trade - 16.12pm 18/06/2024 (20 minute delay) ? |
| IPB (ASX) Chart |
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