Vintage RF denialThe Friedland denial is vintage RF. It bristles with indignation, as if this was a despicable piece of journalism. At the same time, it offers plenty of wiggle room. Just because he isn't "conducting" a sale doesn't mean he isn't exploring one. Truthfully, I think RF likes controversies of this kind; they make the press eager to hear from him, and whatever public position he wants to take will be widely disseminated.
My guess is that Friedland will ultimately divest himself of his interest in IVN. He is a deal-maker and company-builder like Rob McEwen, not a true mining executive However, I think he's just driving it around the block right now and does not know what he will do. Friedland is an acquisitive man, but he has a trait rare in acquisitive types: He is patient. He will wait until he can extract maximum value from his stake in IVN.
Back when RF was exploring his options with Diamond Fields, Bob Bishop suggested that shareholders sell their shares "when Friedland sells his." I instead followed the reco of Doug Casey, who issued a sell far too early. I made good money but could have made much more. I actually own ETG right now rather than IVN, but same deal. I will give RF the chance to squeeze all the juice out of this play.