Please elaborate auto. I am to perplexed with the present goings on to reason accurately.
How will keeping the price low help the offer.(or not) I pressume the offer will fail since the management dont seem to be interested in getting the price higher ..so back to my original q .. why do they persist ?
I noticed that a IPM director bought 55k on market a few days ago. Can our management also buy on market or is it not allowed. Perhaps they have to many free or cheap options ?
I have lost all confidence in this lot, the only reason I am buying is for the fact that this is as safe as I can find ... since...the price I am buying at is lower then current assets.
We have (probably) 70 mil in bank. We own 5 mil ipm shares, we get between 1-2mil in interest per quarter, we sell about 1 mil in oil per week, we have further oil reserves, we own lots of overses exploration licences which must be worth something ?
So why can not our management do better than drive the price to 25.5c.
Do you think there is any chance whatsover of this t/o going ahead, and if so how ?
This thread has gone deathly silent so lets keep the disscusions going.
PS I had to put buy under sentiment since "no idea" was not an option. I must be one of the few that is buying , got some for .265 the other day and more for .26 today
COE Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held
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