IVK investika limited

speculators column today

  1. 7,888 Posts.
    lightbulb Created with Sketch. 251
    For those interested. I hold a small parcel. $4.20 today

    "Readers with an appetite for high-priced counters might find potential in Investika (ASX code: IVK) which is now priced around $3.65-a-share. But it carries a relatively modest market capitalisation of $47.6m, with only 13.53 million shares on issue. The company is the brainchild of veteran promoter Chris Kyriakou, now based in London and supported by an impressive board led by chairman John Landels, an ex-Caltex Australia CEO.

    Investika was formed earlier this year out of a 100-to-1 share consolidation of Kidz.net (itself resurrected out of the shell of Walhalla Mining during the dotcom frenzy of the 1990s). Investika has direct interests in four London-listed AIM board companies and further direct interests in shared projects. They include:

    Berong Nickel on Palawan Island, the Philippines, with more than 375 million tonnes of 1.3% of direct shipping lateritic nickel, with a trial shipment of 30,000 tonnes due for China next month.

    Tarquin's Tommy porphyry copper project in Chile, with a JORC-compliant resource of 13.9 million tonnes of 1% copper.

    The soon-to-list Belitung Zinc, with a project in Indonesia.

    UMC Energy, in a joint uranium prospecting venture with Canada's Cline Mining Corp in Madagascar.

    Late last month, London broker WH Ireland, rated Investika a "strong buy" with a near-term target of $5-a-share and a current worth, based simply on the value derived from its listed investments, of $7.70."

 
watchlist Created with Sketch. Add IVK (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.