IPB Chart thread, page-392

No idea re-amount of dilution. However, IPB's low cap/low EV/tidy capital structure make it a compelling equity deal (opposed to raising cash to fund a deal) for a potential vendor so who knows. Given nature of how low IPB MC is, then any deal will likely need EGM approval. Given they are carrying a strike I'd say they'd need to either ann a farm out deal or acquisition prior to upcoming AGM. EGM approval takes time so if vend is going to come, I reckon sooner than later although they are leaving their run late but the recent vols could be hinting at something - someone just doesn't swoop on cleaning up the register in a play like this for no reason. In this market, it could have easily been headed to a 0.5c + options CR if there was nothing on the cards.

Vend could already come permitted. Timeline to have a rig booked could be the biggest drag.

Not going to speculate on valuation figures, thats the market's job but no doubt determined by COS (chance of success), est size of the oil target, jurisdiction, pathway to production, etc. But if you look at caps of what 88E and PCL get to on billions of SOI then easy to get excited but im not getting carried away until something does happen.