IVA
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0.00% 21.5¢ inova resources limited

Check out the announcement the other day-Friedland is using the...

  1. tastarga
    5,867 Posts.
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    17/03/09
    11:45
    Post #: 4911655
    Check out the announcement the other day-Friedland is using the creep exclusion to buy back the stock that was issued at $2.00!

    Also check out the quarterly cash flow report and note the fully drawn inter company debt of $52 million against cash in bank of $57 million.

    Actual net cash backing per share less than 2 cents?

    Very dangerous......

    Cheers,TAS
    IVA Price at posting: 52.9¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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