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Ivanhoe Mines Ltd T.IVN

Alternate Symbol(s):  IVPAF

Ivanhoe Mines Ltd. is a Canada-based mining, development, and exploration company. The Company is focused on the mining, development and exploration of minerals and precious metals from its property interests located primarily in Africa. Its projects include The Kamoa-Kakula Copper Complex, The Kipushi Project, The Platreef Project., and The Western Foreland Exploration Project. The Kamoa-Kakula Copper Complex project stratiform copper deposit with adjacent prospective exploration areas within the Central African Copperbelt, approximately 25 kilometers (km) west of the town of Kolwezi and about 270 km west of the provincial capital of Lubumbashi. The Kipushi mine is adjacent to the town of Kipushi in the Democratic Republic of the Congo (DRC) approximately 30 km southwest of the provincial capital of Lubumbashi. The 21 licenses in the Western Foreland cover a combined area of 1,808 square kilometers to the north, south and west of the Kamoa-Kakula Copper Complex.


TSX:IVN - Post by User

Bullboard Posts
Comment by graffiti99on Feb 26, 2018 7:49pm
213 Views
Post# 27624875

RE:This is a boring stock now

RE:This is a boring stock nowUrsusbrumae, I like your posts. I agree, IVN already had a gazillion ounces, announcing another bazillion gazillion ounces, doesn’t really change the story. I sold my stock except for a small speculative amount a few months back. Many mornings in the shower did I contemplate - what should I do? How much should I risk? In the end I was certain of 3 things: (1) the IVN assets in Congo are huge;  (2) I am biased and the easiest to fool with my own money; and (3) If Kabila doesn’t honour constitutional law, IVN has problems with its claim on the deposit.

I had a problem....he didn’t step down as per the constitution and Congo didn’t hold elections. RF is a great salesman, but that’s a tall order: how do you finance a huge mine in a jurisdiction that has the most UN peacekeepers with a leader that does not recognize the Rule of Law? The pool of institutions willing to pony up capital dwindles drastically with these circumstances.

painfully, I sold almost all of my holdings. Buying and holding was so obvious in 2016: IVN was sub 1.00, DRC was tracking to hold elections, it would be a first peaceful transition in DRC ever, IVN would prove up the reserves and we would makes an enormous fortune. But the calculus had to change when Kabila blew off elections.  I can tell you it was unquestionably the most difficult investing decision of my life. It’s the Saudi Arabia of copper. It really is. But I could no longer risk the weight of my positions with the most basic, fundamental concept in capitalism: private property rights.   particularly in the face of most egregious of activities by Kabila and his government.

It still makes me shake my head. Kabila. What a moron.

I’m watching. Like a hawk. I’ve got my eye on the Congo. If there is a new government coming and it looks even like the most basic of peaceful transitions, I’ll come piling back in (likely on margin).

GLTA


Bullboard Posts