If it is an offer that does not rightfully value our company then surely another bidder will come forth with a better offer. I suspect that will happen.
Everybody has known for a long time RIO is a seller and have been waiting for a indication of what a base price might be for their holding - well we now have that, 22 cents.
The pressure is now starting to be applied with the announcement of a possible exceptional gold discovery. Watch this space.
IVA Price at posting:
21.0¢ Sentiment: Hold Disclosure: Held