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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

Post by crow27on Mar 11, 2021 4:46pm
271 Views
Post# 32778609

General Corporate Purposes?

General Corporate Purposes?
"Proceeds will be used for general corporate purposes"  I found this the line in the NR very vague and this may have thrown traders off. Why not say it's to kick off phase 3 and 4 early or that there is a huge drilling program at WF or bringing on Kipush early.
575 million all in deal and that's all you say??? I think this was a big miss in the NR.
We all know it will go to good use but spread a few crumbs to the shareholders.
 
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