IVA 0.00% 21.5¢ inova resources limited

Thanks, colin re the report. hammers, no crooks in IVA- just...

  1. asf
    9,888 Posts.
    Thanks, colin re the report.

    hammers, no crooks in IVA- just those who put in $80m in November/December, 2012, at 48c per share. Rio put in $40m so that's $40m worth of shareholdings that are so steeply underwater in 6 months, that it is not unusual that they would be selling. Thee was probably not much time that they were above water when they put this money in, but having lost 76% of their capital, they must be sick of staying in. IVA could go back to 48c per share, of course, but some would leave now and wait for better times. That $40m is now worth $9.6m to the insto's and others who chucked in. Lots of money lose here.
 
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