Sigh...
Please tell me you know the difference between being backed:
1. by a large multi-national + billionaire
v.
2. by continuous rounds of private placements at a discounts to sophs
But even with the backing of Ivanhoe HQ 50%+ holding, Ivanoe Australia struggled. The 4 financial year prior to Peter's departure, the company recorded:
2011: $126m loss
2010: $78.7m loss
2009: $52m loss
2008: $67.8m loss
Peter was appointed in 2007.
In 2011, the company raised at $1.39 and had 555m shares on issue.
Want to talk about the $billion company and Peter's achievements? I am struggling to see it. Seems to be quite a bit of mythology here, imo.
Ref:
https://www.asx.com.au/asxpdf/20120410/pdf/425hzn8rtsqvq2.pdf
https://www.asx.com.au/asxpdf/20100423/pdf/31py63s5kfpcn7.pdf
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