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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
Post by bloomfield18on May 01, 2020 11:58am
191 Views
Post# 30976320

IVN Always was a Strange Animal

IVN Always was a Strange AnimalIt's currently pulled back slightly from an uptrend. Share price for IVN seems to move independently of news. It was relentlessly pounded down for months to $2 after announcing a 50% increase of high grade resource with copper at $3+ lb. Even PGM's going parabolic only grudgingly moved share price upwards a tad. And now in the midst of a global economic meltdown, where metal prices are headed to the basement, someone actually posts maybe it will take out $3.

My own impression after years of watching this stock is that a few traders control the price action in a thinly traded market, and they move it up or down according to some schedule the rest of us are not privy to. So either you buy in cheap, or try to anticipate what the bigger fish are up to. Momentum with this stock can shift on a dime for no reason whatsoever. This type of action is best suited to pro traders who sit in front of their screen from the open right through to the close, moving in and out of positions as momentum shifts.


Bullboard Posts