OTCPK:IVWFF - Post by User
Comment by
NigelDavieson Jan 07, 2009 6:09am
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Post# 15687677
RE: RE: RE: something weird going on
RE: RE: RE: something weird going onThe most important thing for IVW is to re-establish cash flow. On one hand you have the costs of the 'clear up' which are slowly starting to emerge. On the other hand you have a general improvement in the shares of commodity companies. Other factors are the 40% rise in the price of lead in China, as reported by Minesite today, the extra costs of transporting the product using bags and containers( I haven't seen any estimates on this but I may have missed it), and the mention of blood contamination in children is very worrying as this could lead to legal actions in the future although its possible it may be insured. Overall I suspect the recent interest in IVW is partly because of the under production of lead and an increasing demand again in the emerging nations. Certainly a start up of the mine and a resumption of shipping the product must have a beneficial effect on the share price. I have held these shares for 18 months and remain long although there are many risks. GLTA