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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. It is focused on the mining, development and exploration of minerals and precious metals from its property interests located primarily in Africa. Its projects include Kamoa-Kakula Complex, Western Foreland, Kipushi and Platreef. The Kamoa-Kakula Complex project is a stratiform copper deposit with adjacent prospective exploration areas within the Central African Copperbelt, approximately 25 kilometers (kms) west of the town of Kolwezi and approximately 270 kms west of the provincial capital of Lubumbashi. The 17 licenses in the Western Foreland cover a combined area of 2,407 square kilometers to the north, south and west of the Kamoa-Kakula Copper Complex. The Kipushi Project lies adjacent to the town of Kipushi and 30 kms southwest of the provincial capital of Lubumbashi. Its Platreef project is situated approximately eight km from Mokopane and 280 km northeast of Johannesburg, South Africa.


TSX:IVN - Post by User

Bullboard Posts
Post by bloomfield18on Oct 09, 2019 12:23pm
231 Views
Post# 30212383

Share Price Falling Sharply on Very Low Volume

Share Price Falling Sharply on Very Low VolumeBecause of the low volume, I think these are pros shorting. Again. Last time IVN made a large placement at $3.98 share, the reaction was a drop to $2.4 or thereabouts, as if $3.98 were really a total disaster, justifying a $2.40 share price. The low price, however, created a tension between the objective of shorts to break share price, and bargain hunters seeking ownership of three of the most valuable mining properties on the planet. Once price turned around, there was no stopping upward momentum. Share price nearly doubled on absolutely no special news. For shorts, the risk is deciding where that bottom is. Experience demonstrates when downward momentum stalls out, share price doesn't remain there, but reverses sharply higher as bargain hunters aggressively step in.
Bullboard Posts