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23

04/03/16

09:13

Post #: 17184745
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Originally posted by the_jackie ↑

There are also a few newspaper articles suggesting interest from private equity which seems logical for a couple of reasons:

Arowana who own 25% have just had their escrow period finish
It finally appears as though the bad news is behind them e.g. Finalisation of Dive School settlement, TEC funding confirmed for FY16

Just need to get through the SRO inquiry and Quantum (which they have fully written off) and this could re-rate back above $1

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Yeah agreed. It will be interesting to see what Arowana do next. This thing seems ripe for a take over now. Going private now would be idea while they ride out this uncertainty. Could easily be refloated multiples from here.

IQE Price at posting: 40.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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Up 100% in 2 weeks, page-3

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