O/T Interesting spec maybe? I guess while we wait for Iain to decide our fate vis-a-vis the takeover offer (not that it matters that much to me as I'm just as happy to hold the shares) I was having lunch at a Toronto diner today and they had CP24 on the tube as they usually do. I kept noticing Ivernia on the volume leaders, and so when I got home I decided to do a little investigating. It would seem that the stock is trading for 10 cents but the NAV is closer to 20 cents. Their Magellan lead operation in Western Australia has been sitting on care and maintenance since last spring due to some environmental issues. The volume really spiked today, so I'm not sure what to make of it but I'm thinking of throwing some mad-money at it to find out. Downside in the heat of tax-loss selling was 6 cents, so I'm thinking maybe downside is pretty limited....
Anyways, buyout or not Long & Strong IAE.
88.