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Message: News from IV

Hi Rico and Akerman

1.5 cents up on the day better than we could reasonably expect. Opened and closed at $0.08 so non of us got it correct.

Tomorrow I predict an opening at $0.08 and a close at $0.085. The US market will be open after todays holiday, so expect some initial enthusiasm before the SP falls back.

Major movements unlikely until drilling nears completion. Watch out for any directors selling. If you see it bail out. This happened last time they drilled. JMHO

a6dyl

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