ION 16.7% 1.0¢ iondrive limited

Ann: Quarterly Activites Report and 5B to 30 June 2017, page-37

  1. 415 Posts.
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    Hi @Mr Kodal I was referring to the recent link that you posted, however we did discuss the Tigris Gold IPO last year in this forum and I do recall perusing an IPO document for the same at that time. I have upgraded my laptop in the last few months and cannot find the file. I am sure that it was another poster that provided it as my own research yielded very little on either Tigris or Asiatic. Not much help I know but I definitely recall remarking about the$20m Aud valuation given to these assets at that time . I'd say that was a hard sell and the reason the IPO failed. Exploration data can be valued at 80% of drilling and analysis costs however it would be hard for anyone to estimate the "value" of these assets given the data we have comes from a number of sources. In spite of the flogging our share price is taking I remain confident as long as genuine progress is being made.
    Good luck to all of us
 
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