RE:RE:RE:Not going anywhere soonGood explanation chintzy. I'm also prepared to hold for at least five years. Today's production cuts by the world's top miners will lead to severe deficits in industrial metals going forward. As a result, base and precious metal prices will rebound sharply. IVN is growing ever-more ready to cash in when that occurs.
chintzy wrote: stpaddy: As part of the IPO back whenever a quantity of shares were locked and would be released from this status to become free-trading in increments according to a timetable. On Jan. 23 this process concludes with the final release of 43 million shares. You'd think this would cause down pressure on the SP but this hasn't necessarily been the case with past releases where a clear impact has'nt always been discernable. Anyone who is desperate for cash would likely sell yes but otherwise it may not make sense to dump at all time lows especially when a couple of catalysts are imminent including the Kipushi resource estimate due anytime now which is likely to be monstrous and confirm it as the best copper zinc deposit in the world and the Kamoa PFS which will be a major event and surely boost the stock price. So the release of shares will interact with these catalysts (unless they are delayed) and it'll be interesting to see how it plays out. I weighed all of this a few weeks ago as I was building my position and decided I would just get in as I'll hold for 5 years. Quite a drama as 60 cent support has held firm so far despite high volume selling in the last few days of tax-loss when Teachers bailed out.