Wednesday, June 06, 2018

Mercantile Makes Offer to Take Over IPE

Mercantile Capital (MVT.AX) has made an offer to take over IPE.AX at AUD 0.0775 per share. I've discussed Mercantile's interest in IPE before and bought shares as a result. I had 1.5 million shares. My only regret is I didn't buy more. People selling even below 6 cents discouraged me from buying more.

I had 500,000 on offer for sale and they sold just now at 0.075 up from 0.063 yesterday. I will wait and see with the remaining million. I should at least hold it into the next tax year, next month. If I sell now, it will wipe out my existing tax losses and more. So better to defer tax for another year.

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