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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: TheSlowLane who wrote (19983)	9/10/2003 2:42:42 PM
From: Louis V. Lambrecht	Respond to of 39344

Paul, Ivanhoe, I don't feel it: can't put a price on it. You know: make your own DD and lose your money all by yourself. <g> Anyway, time for me to diversify. Looking at AAUK and BHP (I know, no ten baggers there <g>) and Canadian NGs. (But don't know where to start my DD <ng>). Elephants as Inco, Falconbridge, Noranda doing well today. Also watching Altair (nasdaq: ALTI): doubled in May, so there must be somethin' brewing. altairnano.com WTH needs titanium?

To: TheSlowLane who wrote (19983)	9/10/2003 3:20:50 PM
From: Louis V. Lambrecht	Read Replies (2) \| Respond to 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.