something is wrong and we will be the last to know. but there must have been consistent selling by people closer to the action.
I believe it has something to to with funding from JV Partner Ivanhoe Aust where Peter Reeve WAS (until recently) MD. A headline from AFR back in April
20 April 2012 | Luke Forrestal
PRINT: 20 April 2012 | PAGE 1 | Takeover talk after Ivanhoe exit
Ivanhoe Mines is expected to step up efforts to sell secondary assets – including a 59 per cent stake in locally listed Ivanhoe Australia – after controlling shareholder Rio Tinto agreed to provide it with more financing and made a raft of board changes.
This date roughly corresponds with start of decline of ERM sp.
I'm guessing but maybe IVA will now be taking a different and less benevolent attitude to ERM.
The assets of ERM still sound exciting but without good funding it all comes to nothing.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
---|---|---|
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No. | Vol. | Price($) |
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1 | 88975 | 0.055 |
4 | 363564 | 0.051 |
5 | 509800 | 0.050 |
1 | 106000 | 0.048 |
Price($) | Vol. | No. |
---|---|---|
0.058 | 65800 | 1 |
0.059 | 68746 | 1 |
0.060 | 30000 | 2 |
0.065 | 22981 | 1 |
0.068 | 74800 | 1 |
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