IVN and TRQBobby,
This is the second incarnation of IVN. The first version was majority acquired by Rio Tinto in 2012.The $25 share you refer to actually achieved a high of $29 before falling back to $12 by April 2012 when Rio took over, forcing out Robert Friedland. Then RF almost immediately started another version of IVN; IVN 2.0. Without a doubt the current incarnation controls assets that far surpass in value those of Oyu Tolgoi. So, although you’re probably looking at one chart, it’s really two separate companies. This is clear if you navigate to Yahoo Finance, select Max. TRQ is the former IVN. Version 2.0 IVN dates from October 2012.
CITIC, a Chinese conglomerate with nearly a trillion US dollars in assets, recently paid $723 million CAD to acquire just 19.5% of IVN. They’re not a bunch of idiots. You can be sure they have performed exhaustive due diligence, involving their own geologists, engineers, and geophysicists. If they were willing to pay $3.68 share, a substantial premium to market for 19.5% of the Company, IVN must have a lot going for it.
Good luck with HIVE. I wish you success on your investment. You shouldn’t let Tops get under your skin so easily. It’s just a bullboard. My own experience is that these boards can only have a disproportionate impact on investor morale, either positive or negative, if both the share price and volume are exceptionally low. If your share price is 20 cents, with average volume of 30,000 then compelling arguments can have an impact on trading. Yet those are extreme conditions. In general, money moves markets, not words.