Michael Irwin on Market Call talking Iona and Ithica (Friday September 20th 1:10 p.m.
go to (watch [dot] bbn [dot] ca) and look at the clip covering Iona "Market Call : September, 2013 : September 20, 2013 : Part Two [20-09-13 1:10 PM]"
Covers Iona first, says NAV is around 1.50, thinks its undervalued and going higher, talks about the bond financing and how it removes the restrictive bank financing, says the rate of the bond was 9.5% and a discount. Thinks Ithica has NAV between 3 and 3.50 so obviously likes Iona better. Nothing much more but check it out.
P.S. For those worried about Iona being Canadian, he emphasizes that it is really a Scottish company, Canadian in name only. I know most of us don't really relish owning Canadian companies!
pathus,,, maybe ionaf takes the same view as cenjf.....Build reserves, production, cash flows, etc..., and ya dont need no stinkin nyse listing with it`s sizeable headaches and expense.... "BUILD IT and THEY will COME".....