$40m institutional money came into IVA recently @ 48c, so there's where the selling is coming from. Morgan Stanley and Macquarie Bank sorted out that raising, so they are probably just unloading for the insto's. Turquoise Hill would not be a seller. M&G bought up IVA pretty aggressively last year- no buying recently, but they aren't usually sellers of shares they hold in companies- unless something is wrong, and then it becomes bad (their selling of DML was a case in point- they smashed that share price with their selling).
IVA looking cheapish!
IVA Price at posting:
27.0¢ Sentiment: None Disclosure: Not Held
