For myself and the rest of the market I guess We are wondering what the company will do Once the last $30 odd million is gone The company has managed to raise capital to keep Things going at the with the present cash burn Not much chance of that now with the SP at 10 cents
At this stage management will have to look at unloading Assets to keep afloat
Unless RIO flogs the whole lot of at next to nothing
In reality we have 2 hopes of making money 1. Copper gets to more than $4lb 2. AUD drops to 85 cents
Both will happen but it is a question of how long will it take And if the company can hold out long enough
I am betting that it can
Imoo
IVA Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held