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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 Aug 10, 2020 8:37pm
271 Views
Post# 31390377

RE:I will also SEND that post of his to IVN,

RE:I will also SEND that post of his to IVN,

Why would they have a good laugh, Tops? Ms. Cloete (President, CFO, Chartered Accountant) sold 209,100 in mid-July from $4.17 to $4.28. It's not the end of the world, but I don't happen to think that's funny. Two other insiders were heavy sellers also. There were no buyers over $4. If this so fantastic, as you claim, why would they sell? Wouldn't it make more sense to hang on for the $20 payout you keep promising everyone?

In early February, my target was $7.50, as stated in this forum. By the end of February I had no target at all. Then I set a tentative target of $4 based on long term copper at $2.50 lb due to reduced demand. Now I think conditions have improved, (PGM prices strong, copper hanging in at just under $3), so I'm trading the trend. 


For those who are interested, Tipranks has an average analyst target of $6.39 share, and a Refinitiv $5.83. Under the present conditions, that sounds reasonable to me. The world is changing as we speak. Six months from now it could look different again. 
 

Bullboard Posts