Ivernia Inc IVWFF

IVW - The Future

[99921]

Interesting posts by both Vocex and GBH - well presented and food for thought. I have been in the stock for almost 3 years and am not a trader. This was my first venture into the mining sector and has been quite a learning experience. I held throughout management's struggles to get established with the hope that, once the mine was operating as a going concern, it would be a profitable venture and would be capable of throwing off a steady cash flow. That era seemed to be upon us until the birds began to perish. Interesting times, indeed. I obviously favor GBH's second alternative thought train to the scenario conjured by Vocex in which we are taken out at a distress share price because IVW is "damaged goods." I tend to be a bit more sympathetic towards management in any company, particularly a startup, simply because I know it to be a very difficult process subject to unforeseen problems that must be resolved as they arise. From that point of view I feel that IVW management has done a reasonable job. The dockside pollution situation doesn't seem to me to have resulted from their negligence or mismanagement and I see it as another unforeseen problem to be resolved before steady production can begin again. As to the risk of being bought out at a distress price because the company is damaged, I can only hope that any offer put before shareholders would be considered with the company's long term prospects in view. It still has a very desirable asset in the mine and infrastructure, a good geographical location, in a stable country and relatively close to some major markets. The share price seems to have stabilized over the past few days at what appears to be a "wait and see" level that might hold until some firm news is available. I suppose the best combination would be a recognition that IVW was not to blame for any dockside pollution, an announcement that no permanent damage has been done to people or the environment, a plan for future shipping that eliminates pollution risk and a return to production. A lot to hope for but, hey, why not?