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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

Comment by BigJoon Apr 28, 2021 7:34pm
353 Views
Post# 33088135

RE:RE:shorts

RE:RE:shortsIn my opinion there is little to be gained by looking at the short position.
In mid 2018, when IVN was trading at C$2.00 per share, the short position on IVN in Toronto was 14 million shares. Today with the shares trading at Close to C$9 per share the short position is still 14 million shares (little over 1% of the shares float). Note also that a part of the current short position is offset by an equal long position in the recently-issued convertible notes.
With IVN trading on average over 2.5 million shares per day, in Toronto, anyone wishing to cover a short position would have little problem given the volume of shares traded each day.
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