I see a few investors jumping for cover in relation to IVA. In looking at their quarterly report, they look like conditions are getting stronger. They have been provided financial support from their parent but more than that this indicates their belief in the future prospects of IVA. Suggesting that this investment will result in greater returns for shareholdes i.e. themselves.
With one shipment sold for $20m and three more expected this year i.e. a further $60m income stream. With restructuring saving a further $20-25m. Cutting back on exploration and concertrating on income generation. This project will be a cash cow, once production costs have been completed they should be making good money next year.
$50m in the bank and no current debts.
IVA Price at posting:
45.8¢ Sentiment: Buy Disclosure: Held
