Ivanhoe Capital Acquisition Corp. Warrants each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per... IVAN.WS

RE: RE: RE: This stock is volitile

[tatko]

Ever since I started following them in 2006, there was always a hype about this HTL technology. My understanding is that they have it proven since 4-5 years ago. Yet, despite them claiming to be a revolution in heavy oil field, nobody wanted to risk their dollars to go into a partnership with them. The question is why. Presumably it should save about 20 bucks per barrel in production and transportation costs (that was initial pitch by Mr Friedland in 2006 if memory serves me correctly), yet no one wanted to partner with them. Finaly in 2008 they decided to go alone with Tamarac project. It ought to be 4-5 years till production, now to my knowledge they stopped giving even their guestimations as to when they will have a commercial production. With them having to find probably a billion bucks to have Tamarac producing 20000 barrels per day, we may face a huge share dillution before we see that kind of production. In previous years when the share price was rising they managed to do financing by issuing shares at higher prices than this. It may not work this time. All in all, I am way more cautious and realistic about them, than I was say 5-6 years ago. Yet I bought some 11K to prove myself wrong about my objections. Time will tell.