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Exco Resources has announced today that it will sell it's...

  1. AustinNZ
    1,950 Posts.
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    20/04/11
    13:34
    Post #: 8294797
    Exco Resources has announced today that it will sell it's Cloncurry copper project to Xstrata for $175mm and plans to return upto $100mm of these funds to shareholders. When I last checked IVA owned around 22% of EXS so approx. $22mm could be coming into IVA. Presumably management were sounded out before EXS made the deal. The funds will no doubt assist our development plans.

    ANZ
    IVA Price at posting: $3.26 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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