RE:RE:RE:For the soft bashers hereMoemoney42 wrote: As noted the one time charge due to financing.. - Ivanhoe Mines' normalized profit for Q1 2024 was $70 million, compared to a normalized profit of $113 million for Q1 2023. Including a $139 million non-cash loss on the $575 million convertible bond fair valuation, Ivanhoe Mines recorded a loss of $69 million for Q1 2024, compared with a profit of $82 million for Q1 2023. The non-cash loss on the convertible bond resulted from a 26% appreciation in the Ivanhoe Mines share price to C$16.16 during the quarter.
It's wasn't just a one time thing. Next report will have an even bigger related loss due to stock going up.
It sure would of been nice to been able to buy some of this convertible but it went to friends and family I'm guessing.