I have no problem if they buy omn market at 94cents, however, if...

I have no problem if they buy omn market at 94cents, however, if I was told, the major shareholders was going to subscribe for a new issue, at the same price as offered to institutional holders, that being $1.39, and they subsequently negotiated a better deal, then I would not be pleased.

It will be interesting to see how this plays out.

Integrity is an interesting subject.It will say a lot about the players involved.

As usual, the ASX appears to do something, send out the usual questionaire, but is totally ineffective. They will tick the box, I asked a question of the company and they will go back to sleep.

Its not about whats been disclosed by the company. Its a bigger game.

Ideally, Ivanhoe should buy on market all shares on offer up to $1.39. After that, they can purchase from the company,the number that they need to purchase the number of shares they agreed upon during the capital raising.

Alternatively, IVA should announce a buyback up to $1.39.
In this way, existing holders won't be diluted.

It will also mean, Ivanhoe Mines will be purchasing shares at the agreed price. $1.39.