RE:Usual pattern of CIBCStar Searcher,
There is a lot of crazy trading with this Company. Posters won't appreciate my saying this, but for now you might want to stick with technical trading. Yes, IVN is sitting on unbelievable wealth. You wouldn't know it by the way this trades. We're looking at hundreds of billions of dollars of in situ high grade zinc, copper, and PGM's. I see this stock as a volcano. It will bulge out at the side for a real long time before it blows. That may take months, or even a few years. A few years to a trader may as well be an eternity. I don't mean to presume how anyone should trade, but you may want to consider trading combined with slow accumulation as it bottoms. Key mileposts will be agreement with the Congo government, and construction. As this Company finally grows into adulthood, it won't have to hide out in the undergrowth to escape predatory trading.
Management is first rate, with a proven track record. They still have $200 million cash, with very low debt. There won't be a liquidity crisis. Technically, they know this business inside out. If metals prices continue to hold or even better, improve, pressure to reevaluate the Company can only build.