Why such a large position in IPR??
I've been wondering this for awhile now, but have always forgotten to inquire....
Why does MLY have such a large stake in IPR??
They own something like 50%... WAY too big an investment for something so small and - more so - illiquid.
If MLY were to unwind its positions and distribute the money back to its shareholders, trying to sell IPR would alone probably cost us ~$.70 per share of NAV - maybe more...