Auto,
I most certainly am.
IPM trades on low volume partly because very few of it's holders wish to, or need to, sell at current discount prices.
COE has been doing the same. That however would change entirely if there were an extra 200 million or so COE shares in the hands of less than enthusiastic IPM holders.
This market will say "give me the cash, or I will stick patiently with the undervalued, illiquid script and management of MY choice"
EL
IPM
incremental petroleum limited
market disconnect paradox, page-7
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