RE:RE:Reuters / $24Fantome wrote: As I mentioned in my post on 11Feb....my analysis would put a fair market price for IPL between 22 and 28 a share depending on what discount rate you used for future earnings and whether they get a partner for Heartland or not.
It's a bit frightening but you may be right. The thing that puzzles me is the fact Reuters actually said in their article that this is what IPL management asked for. That seems counter to all the things they have been saying publicly. I also question the reference to timing in the Reuters article. They mentioned last month but from what we know from IPL and BIPC is that those discussions were had late last year.
Fantome wrote: It is really hard to predict how this will play out but it seems to me that if enough retail investors stand firm....then Brookfield will have to choose between offering substantially more for IPL or abandoning their attempt.
I surely hope so. If IPL can, and I think they will, pull off HPC without a partner and at least slowly start cranking out pellets, then over time this is going to be an ATM given the boom we're likely to see in the next 10 years, based on earlier post pandemic/war scenarios where pent up demand unleashes. Prior to crashing again... I for one hope they stay out of BIPC's clutches. On the other hand, we'd have better risk spreading with BIPC
Now I need to go figure out whether I am on the hook for taxes due to my Section 85 in the corp..... The rollover price was a lot higher than today, so I'm not sure if the rollover price or today's price would be used to calculate gains .... if it's the rollover price then I sure won't be selling the shares in the market...