IVA 0.00% 21.5¢ inova resources limited

I really don't know what happened in 3 daysI don't know where CR...

  1. 5,747 Posts.
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    I really don't know what happened in 3 days

    I don't know where CR talk comes from

    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



 
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