IPB 8.33% 1.1¢ ipb petroleum limited

What are everyone's thoughts? Around this level the MC is...

  1. 6,693 Posts.
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    What are everyone's thoughts? Around this level the MC is extremely low, cash in the bank, CalEnergy still with 7 weeks to announce their plans.

    I think it is worth a punt to bring my average way down.

    Cal Energy stay the course, big bump! They pull out then we drop lower and then become a perfect buy solely based on MC.

    Did some reading last night and while Pryderi is a massive let down, there still looks to be some life in the area at a MC of 2 mil. Or am I missing something obvious?
    Last edited by Klue: 22/11/14
 
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