The company is making enough money to keep its exploration Going and make a little extra profit
A CR for Merlin is out of the question the capex is $350 million So only 3 possibilities
1.a joint Venture but TH won't go along with that
2. Sale of the whole lot which is what TH would want
3. Do nothing and wait for something to happen later
With nothing coming from TH I think negotiations are still happening
Who's advantage would it be to keep the SP down
Really how did it get down to 10 cents How did it get back up to 24 cents
Then stuck at 20 cents for weeks with bugger all volume Then pushed down to 15.5 cents Then up to 21.5 cents Then back to 17 cents
I am not complaining because I manage to sell a few When the slide started and I will buy more if it gets cheaper
But in all this time production is going gangbusters
The Copper price at a 8month high
Really doesn't make sense
Compare to LYC first 6 months production produced next to nothing And have major problems Yet the SP rises And IRN looks like a basket case is trading higher than Inova DML even rose today
A real head shaker today
Brrrrrrrrr
IVA Price at posting:
17.0¢ Sentiment: ST Buy Disclosure: Held