Well its been interesting watching this takeover bid unfold over the past few days, first of all these chinese are not silly in understanding value in a company like Inova they see the future much clearer than we do here Rhenium is what they really want and Im sure there is more still to be found the Merlin is just the start,the next few years will see a massive jump in the price just wait and see,but many smoke and mirrors happening so its hard to see things sometimes.
What can I say about Rio Tinto ??? there is much more to this than just selling Inova at a fire sale price, its all about getting projects off the ground with the chinese, you must give them something they want at a price so doors are greased are easily opened, if the Inova board agrees to this bid they need to be all sacked for being overpaid and under worked, I will finish off now fly to china tomorrow this will be interesting trip.
Good luck everyone.
IVA Price at posting:
20.5¢ Sentiment: Hold Disclosure: Held
