IVA 0.00% 21.5¢ inova resources limited

special dividend, page-2

  1. 8,033 Posts.
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    Ozo
    Interesting outlook

    For myself and the rest of the market I guess
    We are wondering what the company will do
    Once the last $30 odd million is gone
    The company has managed to raise capital to keep
    Things going at the with the present cash burn
    Not much chance of that now with the SP at 10 cents

    At this stage management will have to look at unloading
    Assets to keep afloat

    Unless RIO flogs the whole lot of at next to nothing

    In reality we have 2 hopes of making money
    1. Copper gets to more than $4lb
    2. AUD drops to 85 cents

    Both will happen but it is a question of how long will it take
    And if the company can hold out long enough

    I am betting that it can

    Imoo
 
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Currently unlisted public company.

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