re: Ann: Wilson HTM signs $16m agreement for ... IPX baffles me!!! Is this thing a ticking time bomb or what? $16million contract with 50% margin. That means this contract alone will generate more profit than IPX's current marketcap.
A few more of these, and who knows where IPX share price could end up. Based on current market activities, you would think that IPX is going broke.
A glance at their balance sheet, and I dont see anything wrong there, they have little debt (less than $2million).
So maybe the share price is being kept down for players to accumulate, or maybe the market is waiting for financial results from this project before it gets re-rated.
Either way I just cant see you losing money in IPX at these price levels, and many multiples of upside. Seems like a nobrainer to me. What am I missing here?
cheers.
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