I understand what you are saying but I was just pointing out that there are differences between the businesses. They also have different cut-off grades and different cash balances (IVR probably down to approx. $4m ?).
I sold some at 16c because I was concerned about the fact that we had heard nothing about Hector and also Alexander obviously disappointed. I have kept a small amount but I expect another sell off if Hector disappoints, so IVR could keep heading quickly towards ARD’s valuation.
