Ivanhoe Mines Ltd. T.IVN

Alternate Symbol(s): IVPAF

Metals & Mining Industrial Metals & Minerals

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.

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Ivanhoe Mines Ltd. > Accumulation Is Starting Early

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Comment by zack50on Nov 30, 2022 2:14pm

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Post# 35140537

RE:RE:RE:RE:RE:RE:RE:Accumulation Is Starting Early

Muffybell1 wrote: Zack, that is totally INCORRECT. After Jan 8/23, CITIC can aquire as many shares on the open market as they want. They certainly DON'T need anyones permission including RF's . The standstill for RF has TWO PARTS. One is with CITIC and the other is with ZIJIN MINING which expires some years later, so RF even though his standstill expires with one company, is still under another with ZIJIN, so the only one who really can't buy shares on the open markets is RF, UNLESS of course he gets a mutual consent from ZIJIN. CITIC can do what they want. That's what STAND STILL MEANS.

Settle down Muffybell... in my post, I specifically stated... "it was my interpretation and that I stand to be corrected." Unlike you, I don't declare to be a know-it-all and refer to other posters as "dorks", "idiots", etc., when they pose a question.

My post was based on the following excerpt taken from a section of the March 8, 2020, news release on the Ivanhoe Mines website.

"CITIC Metal Africa and Zijin Mining are each subject to long-term standstill agreements with Ivanhoe Mines that limit the maximum number of shares each may acquire, which in the case of CITIC Metal Africa is 29.9% until January 8, 2023, and in the case of Zijin currently is 13.88% until December 7, 2026, beyond which each can only acquire shares on a consensual, negotiated basis with Ivanhoe Mines until the standstills expire... ".

The high-lighted section is what led me to my interpretation... obviously my interpretation was wrong... I can live with that, I've been wrong before... it hasn't killed me, lol.

I do have a question for you before I go... "If, in fact, you knew the answer to the question posed earlier, why then didn't you just give the answer, instead of answering in your typical demeaning and condescending manner?" That might have given you some credibility in the eyes of other posters.

Finally, following the expiration of the standstills, there is no limit on CITIC or Zijin’s share purchases outside of any that are dictated by the TSX.