ANZ, With no other data, I would have to agree with you. One other alternative is more cash injections from Big Brother.
There is another scenario that could play out. OZL is on the hunt for copper assets and they have indicated that they made an offer to a vendor, which was rejected. A vendor is someone who wants to sell. Ivanhoe Canada has indicated that there is a potential to sell IVA Aust to raise cash for Oly Tolgoi. A vendor sale of Ivanhoe Canada shares in IVA Aust to OZL could be a way for Ivanhoe Canada to raise some cash. OZL then buy the bal of IVA Aust on market and continue to fund the development of the IVA Aust assets.
If all this happened, a capital raising would not occur.
OZL has the cash, has an asset generating cash, so finance would not be an issue.
I would value other opinions on this matter.
(All that has been written is specualtion and me joining some dots. The probability of me being wrong is high)
HT1 (own OZL)
IVA Price at posting:
$3.72 Sentiment: None Disclosure: Not Held
