GREY:PGDIF - Post by User
Post by
stalwart1on Sep 13, 2010 7:31pm
563 Views
Post# 17443289
rio, ivanhoe and freidland
rio, ivanhoe and freidlandI have been paying attention to the rio tinto and ivanhoe situation more so as of late. As of today rio tinto has now upped its stake in ivanhoe mines to 34.9% whith the potencial of getting into a 44% ownership position of ivanhoe.
The reason that i am watching this situation is because , i believe that ivanhoe will get taken out by rio tinto in short order. The importance to us pgd longs is that at that point i believe that all of sudden we will have the second of two of the most respected minning minds in the world toghether to grow this company, and with the money that his brother would be packing in with him, i could see some very blue sky's for us pgd longs ahead.
of course this is speculation but ................i have made a very large bet that it will happen.