IVA
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0.00% 21.5¢ inova resources limited

Extensions to the offer will be expected as any takeover...

  1. richrichie
    3,394 Posts.
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    17/10/13
    10:36
    Post #: 12451092
    Extensions to the offer will be expected as any takeover deal.

    Similar to the MEP takeover of BRW, they extended it a number of times and only today, finally MEP got over the 90% mark.

    I think IVA is falling under Shanxi for sure, I don't think Rio has found a superior offer for its stake, so are likely to give up their entire stake.

    Both the FIRB and NDRC have already approved the deal. So just the remaining approval from the Ministry of Commerce to go just for formality.

    I've sold out at 23c a while back. I'm now looking for new targets.
    IVA Price at posting: 21.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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