The reduction in the share price is probably down to the likely profitability of their gold and copper operations in a reduced commodity pricing environment coupled with projected capital expenditures. If income won't finance the development of their operations then trying to raise more capital would most likely be highly dilutive. Things get shorted for a reason. IMO. If Rio want out then more money obviously won't be coming from them so perhaps the market is asking where might it come from? Never mind revenue projections based on yesterdays prices, are their mines actually profitable anymore? I would like to know more about their moly/rhenium prospects because they are very high grade and might be the sort of thing that could be profitable in daggy economic times, hence have some appeal to an outside party. Does anyone have any idea about the likely opex of this deposit?
IVA Price at posting:
16.0¢ Sentiment: None Disclosure: Not Held
