why would INL takeover BSM?? it spun it off a year or two ago!!!
why would it pay more to buy it back? it doesn't make sense... it is protecting its investment in BSM (20%) in case a third party (read ZFX) goes after BSM to provide ORE for there mill.
regarding Ivanhoe, PW has made the statement that Ivanhoe is no longer selling - so they are still one of the biggest shareholders.
as for cap raising, INL is in tight with Mac Bank, who have organised all previous cap raisings and are also a significant holder of INL stock.
I do agree however that the share registry needs to be tightened, either by a major holder accumulating OR a significant share consolidation 10:1 to get rid of the speculators who do not under stand this stock and don't have the patience to wait for returns.
pws response, page-10
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Last
42.0¢ |
Change
0.030(7.69%) |
Mkt cap ! $79.71M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 43.0¢ | 39.0¢ | $255.0K | 628.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 19580 | 1 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| SDV (ASX) Chart |