RE: Wake up, kiddies!ML... why is it that you always react with a negative view to every news release? Sure, we all would rather have this happen after the AI but there was plenty of perceived risk in these shares and Rio wanted to be compensated for that risk.
This is potentially great news for IVN. It gives IVN much needed cash AND mining experience. The fact that we received a decant premium to recent share price is a bonus!!
The fact that a major is willing to lay down this kind of cash is a solid recommendation for this projects viability - even with the bullsh*t of the Mongolian government.
Brighten up Buddy!!!
Shares are going UP today!!
P.S.
Just throwing this out for conversation, but could the stalling tactics of the Mongolian Government have been at the request of Rio Tinto (hardball negotiating tactics)? It's alot cheaper to get a share of IVN without the AI than with the AI in IVN's hands.
Now that this deal appears to be done, is it possible that the AI will be granted quickley?