RE: ubbill.......tgelma@$8.40ubbill....
I had shares in IVN for over 4 years.
I am disappointed with my misjudgement of the value that the JV agreement would add to the shares. As mentioned in previous postings, I sold all @ $9.30 and placed an order to buy back @$8.40.I also owned shares in ETG and sold those at $1.61 ( having bought them approx 6 weeks ago)hoping to jump back in @$1.35.
I noticed that RIO commented on expecting/hoping for an IA sometime in the next year or so. I hope to be back into IVN before that happens. A year is a long time for many of today's investors. Some will get impatient and start dumping their shares for other, quicker returning investments thus driving the price down.Then there is always the large institutional holders who seem to always "play games" with the price of stocks and finally there is the "sell in May" mentality as a last resort.
Ubbill, I totally believe in the longterm prospects of IVN and hope to participate in those prospects again. Having said this, I purchased most of my IVN shares at $3.50 - $5.50 and will not cry if my $8.40 target does not come around again.
Good luck to all longs!