kerrisdale, thanks for the reply re the recommendation. 10c is bearish, and it would mean IVA had a market cap of $72.5m. It is $112m now @ 15.5c. It seems the market waits on Merlin (I'm not so sure about Mt Elliott). There must be some money waiting on the sidelines that would take a strong look if Merlin can prove itself.
you've got to be kidding, page-27
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