Top Priority Must be Congo Mining LawThat will determine Company financial outlook for years to come. Negative price action is an unwelcome distraction. There is still plenty of cash of roughly $200 M. It's not urgent. Perhaps they can even hold out for a year. But they are not going to wait for the till to reach bingo before looking to finance. These guys like to prepare well in advance. I'm sure management is just as concerned, but has an urgent issue on their plate requiring nearly 100% attention. The important thing is that IVN not be forced into financing under unfavourable conditions. And that, in my opinion, is the objective of all this selling.
Yes, IVN is holding a Royal Flush in Spades. The challenge is holding onto it.