The fair value is you a betting on a company that is up against the wall Copper prices have stayed low for quite some time and I Can't see that changing anytime soon I can't imagine a CR as Tourquise Hill won't chip in So the the company is in peril
I would think assets would be about 20% of book ATM With no buyers lining up
This is when fortune Favour the brave I guess
Good news is it is RBA policy to drop the AUD down And that is working nicely
The other thing is that so many companies are struggling that Something has to give
I just wish I was brave enough or is that smart enough
Is anyone willing to go all in
Imoo
IVA Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held