You say: "They pay themselves unfranked dividends from their capital raisings and this goes under the radar not been counted as remuneration in their report"
What a distortion, however I have long learnt it is impossible to debate preposterious fastasies.
Script or cash? You confuse my interests with those of COE. My strategy is to be a passive investor in the script of companies. As I understood it COE's strategy was to find and produce oil, not buy and sell other companies shares. Selling for COE would therefore be a failure of strategy.
COE once again have embarked on something which has not come to fruition. If MOS, Kurnia, Gurame, Fairbridge are any indication I would not be holding your breathe.
EL
IPM Price at posting:
$1.03 Sentiment: Hold Disclosure: Held