RE:RE:Takeover of IVNcashtango00 wrote: That's a good question KITCHENSINK. I don't know the answer but it does show how ridiculous Canada has become. A Canadian company essentualliy trying to raise funds to finance an operation in South America and can't because the Canadian Government. I remind the board, one of the main reasons that Chinese entities play such a large part in IVN's development is because no one in North America would finance them. Even after it was clear that IVN had a world class discovery, very few brokerages covered them beause they had no vested interest.
The reality is, if a company wanted to, they could just redomicile to another jurisdiction to by pass Canada's anti business laws. Ovintiv ( formerly Encana) did it because they were done with the Canadian government's energy policies and they have significant assets in Canada. IVN only has an office in Canada.
I suppose its all speculation at this point, but I can see some corporate restructure coming down the pipes at some point. There has long been talk of a South Africian spinoff and RF alluded to what sounds like something outside normal operations in the fall. We shall see.
Canada and the USA have restrictions on Chinese compaines investing in Canadian or US-based metals and minerals companies. The reason is simple: They don't want Chinese-based companies which may be affiliated or at least subject to decisions made by the Chinese Communist Party Government to have control or access to these assets that are deemed important for domestic supply.
This doesn't apply to companies based in many other nations. For example, just last year, Canadian-based OSK entered into a 50/50 joint venture with South African-based Gold Fields re. OSK's Windfall project (located in Quebec).
Conversely, you'll see situations like Solaris occur.
Copper fell for a third day as Chinese factories balked at paying record prices...Copper had its biggest intraday drop in nearly two years on Wednesday amid profit-taking by bullish investors and new signs of weaker demand in China. Factories in the world’s biggest metals consumer are struggling to pass on the surging costs of copper to clients making products ranging from air—conditioners to home electronics...