Ivernia Inc IVWFF

RE:Toast

[GenHandgrenade]

you guys think this will hit .005 cents before a turn around? Been following IVW since the bad old days of the Irish zinc mine. Made some good money during that mess and this may be another opportunity. A lot more shares outstanding and debt outstanding but seems to be some deep pocket shareholders.

[SergeGodin]

There is no turn around.  Unless LME lead hits $2000 between now and June this company is finished. The more they mine they more money they lose. Eventually the major shareholder will give up on this money losing venture and let it go belly under. It doesn't matter how you slice it - a money losing mine is a money losing mine.  Nobody will invest in that. It's over.  Get

[skydiver069]

I've been following this one too for at least 12yrs, and hate to consider the notion of it going under.  Thing is, these couple of sentences just scream PAIN!! : Ivernia Inc. (TSX:IVW) announced its results for Q4 2014, as well as the year as a whole, noting that during the fourth quarter it recorded a net loss of $101.2 million, up significantly from $16.9 million in the year-ago period

[SergeGodin]

Something really strange is going on here.  Normally you would expect the management to be putting as positive a spin as possible on everything, but in the last few months we've seen a new survey that dramatically decreased the reserves, shortened the mine lifespan, and Q4 results (which were not actually that bad) deliberately infused with negative messages about the company's future

[GenHandgrenade]

Dead Cat bounce perhaps???