IVA 0.00% 21.5¢ inova resources limited

another one fallen under cash backing, page-2

  1. 101 Posts.
    That's not actually the case. The IPO only placed 20% of the Company for A$125M which at A$2 per share equated to a market cap of A$625M.

    At ~A$0.50 per share the market cap is still ~A$150M; well above their residual cash backing of ~A$70M.
 
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Currently unlisted public company.

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