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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (1487)	10/6/2003 11:39:37 AM
From: TheSlowLane	Read Replies (2) \| Respond to of 108551

Yes...these are interesting times to be sure and I am grateful to have access to the set of minds here. Anyway, to circle back to IVAN for a second. I have no proprietary tools to inform my decisions so am left to stick a wet finger into the wind as a primary indicator! While Friedland has his share of detractors, I think any/all of them would have a hard time denying that he has been careful to lay the groundwork for his foray into Asia to build a natural resources empire (whether he will be successful I guess is debatable until after the fact). Here's a snippet from an article I read this weekend that confirms my opinion. It was written in regard to IVN.TO, but the groundwork laid with CITIC, for example, will pay off for IVAN as well, imo: "Rohit Sehgal, a fund manager and investment strategist with Toronto-based Dynamic Mutual Funds Ltd., travelled this year to Mongolia and China with Mr. Friedland. Mr. Sehgal runs the Dynamic Power Canadian Growth Fund, which owns shares in Ivanhoe Energy and Ivanhoe Mines. Mr. Sehgal said his group stopped at one point in Baotou, a city of nearly two million people in northern China. He left with two overriding impressions: the incredible amount of industrial activity going on in a city that he'd never heard of and the welcome accorded to Mr. Friedland and his team by Chinese officials. "They gave him a reception that only heads of state get," Mr. Sehgal said. "The Chinese are dying for copper feed. They will build roads for him, they will give him power -- they are all over him, it's 'give us a list and we will get it done for you.' " stockhouse.ca