downwards until june, page-9

You're right, rowser, $230m, not $130m.

There's not much wrong with IVA- debt-free with $45m cash, and really, a lot of blue sky in its projects- still so much potential. Being in producton takes it up a level, so it can hopefully be self-sustaining. It's come a long way, but is at bottom re share price. UBS has a "neutral" recommendation, with a 45c share price target, s buying at these levels, if all stays stable for IVA, probably won't lose too much money.