I reckon IVA will bid to take out the whole company, maybe 1 for...

I reckon IVA will bid to take out the whole company, maybe 1 for 4 offer ie 80cents per EXS share. sell the CCP to XStrata for $175mill, keep the cash, float off maybe white dam stuff, keep the land in Qld and keep the royalty's coming in for themselves. This makes the most sense and will cost IVA bugger all with an all scrip bid and will increase their cash on hand by $175mill plus cashflows from royalties and maybe white dam if they kept it.

IVA need to put up, or shut up.