IVA is an intersting one. I hold quite a few mainly because of Friedland. There is no way the announcement the other day is responsible for the last couple of days action. The announcement was very good and the grades are very high (albeit a little deep) but the issue is the market. Not all metals like this are about discovery, many times it is about balancing the market, and getting supporters in the market, relationships are key. When you find a resource like this when the market uses 50 tonnes per annum, then there can be big issues.
I have no idea why we have had the recent run, but I can bet it wasn't because of the announcement. I'm not complaining though! I think the next couple of weeks may reveal a lot more.
Chers, Tony.
IVA Price at posting:
$1.04 Sentiment: Hold Disclosure: Held
