The market cap is now a negligible amount ,It does not matter if...

The market cap is now a negligible amount ,It does not matter if its 50 60 70 80 mil or whatever it is cheap cheap cheap .
I think the punters that have trashed this with precision , are doing their job in accordance with stock broker standard practices procedure number 101.

The majority owner RIO have decided to sell , senior management have modelled themselves on big daddy RIO their cushy days may be coming to a end.
The issue is can senior management effectively commit themselves to IVA knowing RIO don't want them .
I think in this situation it is typical for senior managament to be in disarray .

When the new owner comes on board it is normal for the existing senior management to be given their marching orders .

You could hardly expect the poor fellas to give 2 cahoots. ?

Profesional traders are staying away , the sooner the company gets direction the better it will be .