Guys, I just had a read of IVA’s March Quarterly report. At the end of the quarter they had approx. 99M in cash, with predicted net outlay of 67M in the June Quarter. They currently have a number of capital works programs underway so I think they may be facing cash flow issues soon. Given the current macroeconomic climate, the issues with Ivanhoe Mines, things could be getting tough(er) for IVA in the near term.
My thoughts only but I used to hold IVA years ago and have followed it ever since.
IVA Price at posting:
81.8¢ Sentiment: ST Sell Disclosure: Not Held
