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.
IVA Price at posting:
41.9¢ Sentiment: None Disclosure: Not Held
