RE:The trading in this stock is just SO full of gamesStar Searcher,
It has occurred to me that someone may want to buy parts or all of the Company, That would be a lot easier to accomplish with a distressed share price. The fact is these three projects represent the richest source of copper, zinc, and PGMs on the planet. Yet the whole Company is only valued today at a market cap of US$1.73 billion. We are looking at enormous wealth going at fire sale pricing. And this battering of the stock has been going on since November, well before the new mining law was ever announced. The mining law has simply provided a convenient cover for short action. Why is price falling? Let's blame the handy African dictator. Yet can the fall from $5 to $2.86 really be blamed on an extra 1.5% royalty and 5% corporate tax? Windfall taxes only kick in at much higher metals prices.The decline is all out of proportion to the news.
I happen to believe there is usually a logical explanation for events. IVN did not suddenly fall off a flat Earth Into the void. Either 1) Traders are looking to make money by mugging companies in the relatively thinly traded Canadian market, which allows both selling on a down tick and naked short selling, or 2) Someone is seeking to depress the share price in order to acquire Company assets at reduced cost.
I'm tending more towards the second explanation, mostly because unlike it's peers, IVN is being singled out for dedicated punishment. Why hit one Company with such passion for nearly five months? Wouldn't it be easier to hit another Company, and then return periodically to milk the cow? There is definite intention and dogged persistence in the attacks.