"they can unlock the value of the copper resources sooner."
Let's hope so.
Unlocking value for shareholders will depend on: - how quickly they can get results from the drilling program - whether IVA are patient and prepared to keep topping up the till, whilst more shares are issued, whilst they probably prefer to see the issued stock limited, because of their probable long term intentions. For those people that have forgotten what Ivanhoe had/have in mind, it is worth revisiting the statements contained in the documentation at the time that IVA listed, as to why Ivanhoe wanted to be listed in Australia - seeing what XST are going to do to dig themselves out of the big hole that they have dug for themselves.
In the short term I sincerely trust that part of the agreement to issue the latest stock includes some ongoing market support, given that they are getting some stock at a discount. Given that it would seem that they are sticky hands, that would alleviate any pressure from the selling that seems to come from the holders of the last placement stock.
EXS Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
