Jesimore,
Opinion only, but I reckon most holders are by now almost totally disinterested in the sp on the ASX. They are probably looking at it as a med/LT investment. I could be wrong.
Management have now been given the challenge to show the value of the assets, they need to either get us a better deal in terms of a merger with a more compatible coy, or to selldown the key asset to demonstrate value and/or to return cash to shareholders (preferably in excess of COE's derisory 50 cent offer). I believe most will be patient with management, those that aren't probably wont/can't wait for COE's offer to close (after possible extensions). These are the desperate few selling on market this week. Just my take on things.
In short, who knows?
EL
IPM
incremental petroleum limited
Jesimore,Opinion only, but I reckon most holders are by now...
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