Ivernia Inc IVWFF

Financing

[99921]

Explorer - the confirmation of this arrangement is probably already reflected in the share price. However, I believe it is a positive step and it should lend a lot of credibility to the company's planned progress towards overcoming the shipping problem and getting back to the mining business full time. Sentient and the named investment advisor have undoubtedly been given very detailed briefings about the situation and they appear comfortable that the long term future of IVW is relatively secure. These are money people and I would expect them to be quite objective, rational and demanding when it came to listening to the IVW management before committing such large sums. There is still a long way to go in getting things back on track.