It would seem to me that the COE offer might be an annoyance with the share buyback.
If IPM start buying shares then they indirectly increase COE's % of the company when they are cancelled.
Pity, now is possibly the best time for IPM to start buying shares back on market at these prices. I wonder if the directors are thinking about this?
IPM
incremental petroleum limited
It would seem to me that the COE offer might be an annoyance...
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