Kerrisdale You must be looking at a different set of figures than me
No large holders want out except maybe TH And that has nothing to do with inova
It has taken maybe 2 million shares to get the SP down from 24 cents to 16 cents Just trying to wipe out some triggers I don't think they will have much luck this time
I tested the water a couple of times I would think a buy orders at 18 cents will be driven down pretty quick Until they are serious buys and then it will be back to 24 cents again
You may want have a look as to how the SP went from 10 cents To 24 cents a couple of months back No announcements Or how it went from 40 cents to 10 cents With just the TH selling announcement
I will buy at any lower price
I am more than happy to keep buying If I am fortunate enough to get 10 cents again I will be going all in This time
The company is in a much better position than when it was trading Over $1
Please if you don't think inova is cash flow positive ATM Please point out where I am wrong
All in costs now totaling around $160 million PA Revenue totaling $180 million PA Copper and gold price heading up and AUD heading down Production also improving
Merlin will get a backer in my opinion But it will need TH to decide what they are doing first In regards the sale of their stake As soon as that is announced the SP will be in overdrive
Honestly I feel this is the best investment I have ever made And very happy with my holding
Imoo
IVA Price at posting:
16.0¢ Sentiment: ST Buy Disclosure: Held