Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Ivanhoe Mines Ltd. T.IVN

Alternate Symbol(s):  IVPAF

Ivanhoe Mines Ltd. is a Canada-based mining, development, and exploration company. It is focused on the mining, development and exploration of minerals and precious metals from its property interests located primarily in Africa. Its projects include Kamoa-Kakula Complex, Western Foreland, Kipushi and Platreef. The Kamoa-Kakula Complex project is a stratiform copper deposit with adjacent prospective exploration areas within the Central African Copperbelt, approximately 25 kilometers (kms) west of the town of Kolwezi and approximately 270 kms west of the provincial capital of Lubumbashi. The 17 licenses in the Western Foreland cover a combined area of 2,407 square kilometers to the north, south and west of the Kamoa-Kakula Copper Complex. The Kipushi Project lies adjacent to the town of Kipushi and 30 kms southwest of the provincial capital of Lubumbashi. Its Platreef project is situated approximately eight km from Mokopane and 280 km northeast of Johannesburg, South Africa.


TSX:IVN - Post by User

Bullboard Posts
Comment by ursusbrumaeon Feb 26, 2016 7:50am
343 Views
Post# 24597669

RE:Common people, KEEP THIS DOWN for another year or so

RE:Common people, KEEP THIS DOWN for another year or so70 cents used to seem dirt cheap.  For me 53 cents was that irrational price which even I in my parsimony never expected.  And so, I surmised in my bewilderment that it was the bottom.  Not the textbook technical quadruple bottom at 60, but the new low which few expected and which meant all bets were off technically.   But having watched it perhaps too closely in the 50s, I am reminded how if one is not careful the market can play tricks on the mind.  If everyone thinks it's worth less than 60 cents, then one comes around to thinking that maybe in the warped reality of January 2016 commodity markets it really is, and now 70 cents seems dear.  Analysts do this too.  They build a discount factor into NAVs during bear markets and a premium factor during bull markets.  Having an open mind one must reevaluate the fundamentals and see that the story has not changed.  In fact, it only seems to get better.  Most value investors will tell you it is difficult to average up.  And short term it may be reasonable to expect a pullback from the recent 25% rally.  But in the grand scheme of things what is 25%? I look back at old IVN which traded to an all time low of 55 and rallied without interruption for three months to 2 1/4.  Then it never saw 1 1/4 even intraday ever again.  The news cycle was different, but the underlying psychology the same.  If you ask around the only fundamental investors who do not regard this stock as wildly undervalued are those who would not pay a nickel for a share because of the Congo.  Nor those, nor the die hards here, nor the Livermorian stock jobbers, nor even the penny punters in a hefty mid-cap like this will move this stock.  It will be the institutional investors, especially generalists, who will notice when commodities bust a move that they're underweight and underperforming, and will scramble to join the bandwagon.  For now most appear to be waiting and watching for a sure turn.  My own expectation is that the day will come, perhaps not far in the future, that you can say goodbye to these prices for ever, and these observers will be left in the dust.
Bullboard Posts