they are a sitting duck for a takeover themselves now.
I reckon someone at 40 cents cash would get control of this company very quickly. Just pop up in the market with a "40 cents, take it leave it, bugg#r the expert report" offer. They would be buried in the rush. Would be worth it simply for the cash on hand and the Tunisia acreage, not to mention a (controlling?)stake in IPM. Or even smarter, make a fresh offer (ie the predator makes the offer, not COE) straight away for IPM, for cash, say $1.20 and end up with control of that as well.
- Forums
- ASX - By Stock
- IPM
- final count
IPM
incremental petroleum limited
final count, page-13
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IPM (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
BM8
BATTERY AGE MINERALS LTD
Nigel Broomham, CEO
Nigel Broomham
CEO
Previous Video
Next Video
SPONSORED BY The Market Online