IVA 0.00% 21.5¢ inova resources limited

KerrisdaleYou must be looking at a different set of figures than...

  1. 5,747 Posts.
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    Kerrisdale
    You must be looking at a different set of figures than me

    No large holders want out except maybe TH
    And that has nothing to do with inova

    It has taken maybe 2 million shares to get the SP down from
    24 cents to 16 cents
    Just trying to wipe out some triggers
    I don't think they will have much luck this time

    I tested the water a couple of times
    I would think a buy orders at 18 cents will be driven down pretty quick
    Until they are serious buys and then it will be back to 24 cents again

    You may want have a look as to how the SP went from 10 cents
    To 24 cents a couple of months back
    No announcements
    Or how it went from 40 cents to 10 cents
    With just the TH selling announcement

    I will buy at any lower price

    I am more than happy to keep buying
    If I am fortunate enough to get 10 cents again I will be going all in
    This time

    The company is in a much better position than when it was trading
    Over $1

    Please if you don't think inova is cash flow positive ATM
    Please point out where I am wrong

    All in costs now totaling around $160 million PA
    Revenue totaling $180 million PA
    Copper and gold price heading up and AUD heading down
    Production also improving


    Merlin will get a backer in my opinion
    But it will need TH to decide what they are doing first
    In regards the sale of their stake
    As soon as that is announced the SP will be in overdrive

    Honestly I feel this is the best investment I have ever made
    And very happy with my holding

    Imoo
 
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