IVA 0.00% 21.5¢ inova resources limited

Ann: Ivanhoe Australia secures US$50 million Capi, page-6

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  1. asf
    9,888 Posts.
    re: Ann: Ivanhoe Australia secures US$50 mill... IVA hadn't made their big discovery when the SP was @ 20c. It's valuable- just that capex is a problem. They all get to this stage and then get slammed.

    IVA can fly, though, although it is not in flying mode at the moment. Market cap is still $238.5m. A couple of years ago, it was 10X that amount- in the $billions. Six months ago, it was >$1b.

    A rotten 6 months for this one. It got another reverse speeding ticket a few days ago. M&G buying 1% or about 5 million shares every few months. They must have a reason.
 
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