Looks like we are consolidating at current levels until the ownership situation is resolved. We may even drift a bit lower with some tax loss selling or short-term profit taking before financial year-end.
My belief remains that RIO will not be selling it's majority stake and by inference nobody buying control of IVA at anywhere close to the current sp ... it will be much higher imo.
On the other hand if RIO decide not to sell I think we'll be off to the races big time too. It's a win-win whatever way you look at it.
IVA Price at posting:
16.0¢ Sentiment: LT Buy Disclosure: Held
