IVA 0.00% 21.5¢ inova resources limited

takeover, page-71

  1. asf
    9,888 Posts.
    A very low-ball offer, it seems to me. IVA has cash and no debt.

    Now, speaking of a company that has little cash, and plenty of debt- DML- can anyone do a comparison? DML has a market cap of $61m, and debt of $154m, so would sell, if it does, for $210 + premium. Can DML be considered a superior operation? Asking this to anyone who has an idea about the two, or can come up with any ideas. Thanks.
 
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Currently unlisted public company.

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