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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 07, 2020 1:10pm
196 Views
Post# 30659078

RE:Chines put in 700 million plus dollars,

RE:Chines put in 700 million plus dollars,

The price drop has nothing to do with an unsafe location. It's exactly the same location as when share price was at $5 plus, with only half the resource now available. These are traders using the coronavirus as cover to launch a short attack. The key value to look at is not the percentage of float short, but rather the percentage of overall short trades. For IVN, these are often 35 to 40 percent of all trades. It's not based on fundamentals. These short attacks occur because new rules, cancelling short on an uptick, make it possible to hammer junior companies in illiquid markets like the TSX. Under the old rules, IVN would be trading at much higher valuations today. Fortunately, the Company is flush with cash, and does not require massive infusions of equity or debt to initiate production. Once it starts, expect the production numbers to blow people away; huge bulk tonnage at very high grades. 

In the meantime, IVN is sprinting towards production in Q3 2021. This virus, dangerous as it is, will only be a temporary glitch in the global economy, as it experiences an elastic rebound once s vaccine is available, and resources need no longer be diverted to check the outbreak.

Bullboard Posts