COOPER AND MANJI ARE PLAYING CHESSCooper said at annual meeting "he is not playing chess and wants to return capital to unitholders"
But I believe the opposite.
They are playing chess. 12.5 million shares at 50% NAV is just the start. They want 20 million at under $20. That's when it gets interesting.
Privitization is inevitable not immediately but with the NCIB continuing etc and a few more assets/DIR sold. The SP will need to move up or the liquidable value from a few assets and DIR will mop it up entirely!
CHECKMATE COOPER!