Ivernia Inc IVWFF

RE: is it going higher soon?

[99921]

The only honest answer to your question is that no one knows what the future holds for the IVW share price. If you look at the information the TSX publishes you will see that there are 180 million shares outstanding and that the market cap is just under $50 million. I believe it is more accurate to assume that the shares involved in the recent financing will eventually be included and we will be up in the 600 million range which would change the market cap to $159 million assuming that anyone thinking of buying shares today makes that basic assumption. So if my thinking is right the question you are asking could be answered by calculating the net worth of the present company's assets and then using the 600 million number to arrive at a figure that could be compared to the present $0.26 share price. Assuming my logic is valid perhaps there is someone on this board who could carry the thinking further to come up with a hypothetical share price. I also recall someone mentioning that an analyst has put IVW on a watch list so perhaps that person has done something like this and come up with his or her expectations for a future share price. I averaged down during the recent downturn but am still under water with this stock so I certainly hope that investors see a bright future for IVW.