Post by
argaiv on Jul 25, 2023 11:29am
Using Canadian Prices
We are at a new all time high.
Comment by
Cobalt on Jul 25, 2023 11:51am
28th Feb 22, high $13.15 close $12.90 , highest close 18th Apr $13.03 so lets close at an all time closing high, cheers
Comment by
argaiv on Jul 27, 2023 12:55pm
It lookms like we will break the all time US high today. Ivanhoe will not auction off West Forelands, but they may seek a partner who wants a slice of the pie. There will be no buyout of this company at this point unless it is at a minumum of 100% premium based on today's price.
Comment by
gisellekronk on Jul 27, 2023 1:19pm
given everything about the company and where the price of copper is headed , i would feel cheated if any take over was at only a 100% premium
Comment by
NotSoBrave004 on Jul 27, 2023 1:53pm
was going to say the same thing. maybe the time of double-digit multuples is over, but it is still grossly undervalued... just do some math. or read previous posts with pertinent calculations...
Comment by
charni on Jul 27, 2023 2:04pm
With two Chinese multibillion dollar companies as partners and shareholders and massive expansions of production in the Congo and South Africa another assumption is that the Chinese can/will fund Ivanhoe when required. Chinese think longterm and are generally not interested in selling out strictly for monetary gain. Remember also that CITIC is a arm of the Chinese government.
Comment by
Cobalt on Jul 27, 2023 2:13pm
Bingo they are never selling out of this deposit too bad, never get a take over premium.
Comment by
cashtango00 on Jul 27, 2023 2:24pm
Why would I want a takeover premium. This is a cash machine with more blue sky potential than any other copper out there. I'm up almost 450% on this and the cash machine just started.
Comment by
gisellekronk on Jul 27, 2023 2:50pm
yup , my thinking is 5 years or less and the price is doubled what it is trading at today . the question for a lot of us early share holders will be how to tax shelter the gains .
Comment by
Cobalt on Jul 27, 2023 3:13pm
Why would you not want it trading at a takeover premium?
Comment by
Cobalt on Jul 27, 2023 3:49pm
So close to a short term trade right now 20% over the 50ma is the best we see, 6% more and we there. cheers