steady price of exco at 64-65 cents, page-30

"An offer of one IVA for every 2 EXS shares would do the trick and cost Ivanhoe very little in real terms.
A real possibility in my opinion."

Thank goodness your real possibility from June did not come to fruition.

If that had been the case holders still holding IVA scrip from any such offer would now only have 45-50c of value for their EXS shares.

In fact it probably would be a lot less than that, as there would have been a huge number of EXS holders who would have dumped IVA shares, thus the IVA shareprice would be even less than it currently is.