IVA
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0.00% 21.5¢ inova resources limited

That's not actually the case. The IPO only placed 20% of the...

  1. bullmarket7
    101 Posts.
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    21/10/08
    19:29
    Post #: 4413237
    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.
    IVA Price at posting: 49.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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