No Need to Talk Up the StockMoney moves stocks. Not words. Cheering doesn’t make the slightest difference. As these projects continue to advance, share price will naturally drift higher. A low price of C$2 to $2.50 was always unrealistic by any objective financial measure you care to use. On Dec 31 at C$2.37 (US$1.72) IVN was only assigned an enterprise value of (using Sept 30 2018 statements):
($1.72 x 1.015 B shares out) + ($61 M total liabilities) - ($656 M cash and short term deposits) = US$1.15 B
This was never remotely reasonable as a fair valuation for Kakila-Kamoa + Kipushi + Platreef. So, although you can say that IVN is up 45% since Dec 31, there really was nowhere else for IVN to go, except up.