questions, page-4

I have rang the company and asked to speak to Barry Sullivan, Our Chairman, But of course he wasn't available to take calls. I was then fobbed off to an Engineer.

I asked as to why we had to sell out on such a cheap terms, and he said that it was all because of Ivanhoe accepting the original figure of 19 cents from SOL.

I then asked as to why, considering that we are all cashed up, we didn't buy them, or a Buy Back of IVA's shares, and he came out with the excuse that if we would have bought IVA's shares, we could have started a price war with SOL. LOL, I said, isn't that what it is all about? Isn't that what we wanted, to get the sp as high as possible in order to protect us from a cheap Takeover, and if SOL was willing to start a price war, wouldn't that mean that, in their own eyes, we were worth more than what they were willing to offer.?

He then said that we shareholders would be making a profit on our shares as our sp entry would have been at less than the current SOL offer, and I replied that he was totally wrong.

I then told him as to why:

1) I have never seen a takoever with recommendation for the Board to accept the bid offer without having released an Independent Expert report to the shareholders and the market.
2) Our cash and the money that Copper Chem owe us is just about the equivalent of that cash that has been offered to us.
3) All of our tenements have been thrown in at practically no value.
4) We have an ongoing income coming in from other ventures and IMO they haven't been allocated much value, if any, at all.

All he replied to me was that the tenements have been priced at what is the ongoing rate in that area. I then said as to why we then managed to get big dollars from XStrata if the ongoing rates are at these levels, and he replied that it was because XStrata were desperate to get feed stock to keep them going.

All in all, I can say that I am very disappointed with the whole thing and the way we have been treated. Especially in regard of not having been told by an Independent expert what our real value was, and if the offer was fair and reasonable according to value, or not.

To me, that is part of what that should be asked of ASIC to investigate. Because IMO an IER is a recommended way, and an accepted rule for any takeover in order to avoid speculations and to show the shareholders that nothing untowards could have occurred.

But no, in this case here, we are just left wondering, while some of us, according to some posters, are left licking their wounds.

Those names, will be blacklisted in my books, and in any company that I will invest in the future. That's for sure.

Good luck all.