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Gold/Mining/Energy : Precious and Base Metal Investing
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To: TheSlowLane who wrote (19983)9/10/2003 3:20:50 PM
From: Louis V. Lambrecht  Read Replies (2) of 39344
 
Re: IVN, here is the Calandra newsletter Message 19291446
Word is Ivanhoe Mines is close to raising as much as $150 million via the sale of a Myanmar copper project, in which it has a 50 percent stake, to a China-based investment house. Ivanhoe Mines also has plans to spin off to shareholders at least two other units, one an iron-ore operation in Australia and another a conglomeration of Korea silver interests and related Mongolia property rights.

So far, Friedland[...]wouldn't sell the project if the shares were triple and even quadruple their $7 Canadian stock price.

.....

If, that is, Friedland can convince the financial markets that his company will raise the $1 billion or more needed to see its Oyu Tolgoi project developed to a producing mine.


So, a private placement can be expected for a price which then would be a bottom. IMO.
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