IVA 0.00% 21.5¢ inova resources limited

world class discovery valued at billions!!, page-10

  1. DSD
    15,757 Posts.
    Went thru the entire release again last night. Am satisfied this is a world class Molybdenum find. They have graphs comparing IVA grades with world's biggest moly mines/deposits and nothing comes vaguely close. SP dropped very briefly to 1.90 this morning. Eitherway i am now comfortable re the claims in ann. and happy to hold.

    IVA is small company with 63.2 million shares of which 83% are held by N. Americans. But IVA apparantly not traded on Toronto exchange as i originally thought. IVA has small 'free-float' of only 12.5million shares. Ivanhoe is a recent listing with a cash backing at last quarterly of $AUD 57.5 million or some 0.91 cents per share.
    Def feel the risk/reward is worth me holding onto my stake.
    PS. figures sourced from Burrell stockbrokers.

 
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