Winky, As I am long IVA, I certainly hope you are correct!
The other issue with this stock is timing. It is unlikley much will happen on the takeover front for IVA until we know what RIO are doing with IVN in January 2012. In adition, none of IVA's development plans really get going until next year. And as they mention in their July presentation, 2011 is about putting the teams and plans together for 2012. So barring an increase in resources, I am not sure what the catalyst will be to turn this stock around in a meaningful way in 2011. So while this stock looks cheap, I think it's a longer term play and it could well get cheaper. Keep some powder dry.
IVA Price at posting:
$1.60 Sentiment: LT Buy Disclosure: Held
