NYSE:IVAN.WS - Post by User
Comment by
MustangMatton Mar 12, 2013 12:47pm
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Post# 21116718
RE: RE: RE: RE: I'm in
RE: RE: RE: RE: I'm in Could be he had to many other fish to fry with Mongolia and Ivanplats. He is a gold man, however, what if it is black gold now? My prediction, and I am going out on a limb on this is over a dollar by the first week in April. Don't come crying to me if I am wrong, because that has happened before. By the look of the charts, the possible JV/Reserve news and what looks like to me the start of the break out today, I say over a buck in the next 3 weeks. Longer term, I do have questions about how these projects get funded. Oil sands are exspensive, not for jr's they almost always have cost over runs. I don't even like the macro picture for North America oil over the next 10 years even with Keystone and the other pipelines etc etc. Oil demand in the U.S.A is not going to grow through the roof, you have more fuel efficient vehicles and growing in number and efficiency. You have got more hybrid and soon to be electric cars. On top of that you have lot's of new supply coming on in the U.S.A and Canada. For Ivanhoe, I want to see what happens in South America, that could be real interesting. Lets see if I am right time will tell cheers Matthew