IMC average price of 13c is right there in the mid asset value range.
With the 6.1c option for 300ml shares and the creep purchases at 3.7 to 4C levels their total average price might be below 10c.
That is almost at the lowest independent asset valuation.They are not hurting.
IMO they have bought at Rock bottom asset valuation at a time of rock bottom asset values. Sure they could have done better by buying say now, but time will heal that wound.
I still believe it's a buy but DYOR.
SP, page-5
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