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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 bloomfield18on Feb 12, 2019 2:09pm
170 Views
Post# 29354112

RE:Insider buying all above $3.30 per share

RE:Insider buying all above $3.30 per shareWithout overstating it’s importance, the purchase by Mr. Moranville is noteworthy. He’s slowly accumulating a major stake, now up to 910,000 shares. That’s up by 390,000 shares since late June, all through the public market. It’s true there was a counter balancing sale the next day by another insider. But all purchases and sakes must be viewed in context. Some insiders have more discretionary income than others. Some can afford to invest, while others must divest to pay bills. Overall, there is not that much insider trading at IVN. They are a fairly disciplined bunch, who don’t want to telegraph the wrong message. I viewed the 100,000 share purchase across 15 trades in the open market as a positive signal. He didn’t buy it on the day of the last NR, but waited until the next day, the 7th, after trading had receded somewhat. He was trying to get a decent price, off recent highs. Without overstating the significance of a 100,000 share purchase, it is a sign of confidence when an insider also regards the stock as an investment themselves. So much so, that they’re willing to buy in the open market soon after a trading blackout period expires.
Bullboard Posts