Sorry for my delay in writing back w27. I was absorbed in the late market KAI action and then after attending to a few home duties went out for a walk by the ocean. Wind up too ; just lovely.
As for my reasons for buying here, they are these: low market cap, hot sector( note PAB's recent rise) and the persistent buying since last Friday at 0.004 and 0.005 on volume. The latter just cannot be ignored. The buying at 0.005 today was swift and strong. the buyer / buyers( maybe 2, maybe only 1) happy to pay for the stock at the 52-week high. All compelling.
Management passes muster too.
Stocks like IVX where the SP is but fractions of a cent are gems when they get moving, as IVX is doing, as every fraction of a cent is a very significant percentage rise like today from 0.004 to 0.005, that a 20% increase.
If you are in early and the stock goes off (as PLP did in former times I recall)you can see it go from half a cent to 2 or 3 c in a very short time meaning a 500 % increase and more increase. Hopefully that is what IVX will do- and even more - and that and all the above is for me why this is a BUY.
IVX Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
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