Where is the new money going to come from ?Looks like we are getting creamed a bit today as the only news is there is no new news while we wait for assays to come back. Never a dull moment here though with lots to come this next while about progress building and drilling.
I believe the money needed to continue progress on all fronts will come from the sale of at least one of the other two mines this year. There is a lot of talk about easy money being thrown at Ivanhoe but the reality is that there are not a lot if any funds or banks that want to take on the risk in the DRC. The political uncertainty gives many pause. There are safer places to put a billion dollars to work if you are lending out money I’m sure.
It’s the chicken and egg thing. Once ore is being sold and money is being made suitors will be tripping over each other. It’s just getting to that point.
Do I believe it will happen ? I hope so this is the largest amount of money I have ever had in any one stock.
I will be much happier when the price moves into double digits and the way they are growing resource numbers it could be sooner than we think. It is a rush to get the numbers up as soon as poss as far as I’m concerned and I’m loving all the drills turning.
I hope things continue to go well for all of us. GLTA