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Hope for compromise and common sense:
https://www.reuters.com/article/us-congo-mining/congos-kabila-to-meet-companies-over-mining-code-revision-idUSKCN1GF075
Hmmm, what property gets confiscated next?
http://www.dailymail.co.uk/news/article-5443599/White-South-African-farmers-removed-land.html
I figure DRC legislators have loaded up their elephants with enough mining shares by now. Time for Kabila to gain their support and refuse to sign the legislation.
Hope I’m not speaking too soon, but given the violence and death in the DRC today, that risk seems to be baked into the current price.
Thanks for destabilizing the markets for the next several years, Donald!!!
I take this at face value, no CIA or MI6 conspiracy theories, hence I’m comfortable with my IVN investment and our partners investment, China, in the DRC:
https://en.m.wikipedia.org/wiki/Kamwina_Nsapu_rebellion
Comparing Lundin and Freeport s circumstances to IVN’s as Bloomfield has done is severely flawed. The Congolese will never try to undermine anything the Chinese own, without the Chinese in the Congo there would be complete anarchy and insurrection. For that reason IVN is safe in the DRC. As safe as their Chinese partners.
And he is overly pessimistic about tax rates, suggesting the highest rates are applicable. But they won’t be.
And Bloomfield lies about Chinese State Enterprises, the Chinese Politburo loves profits:
http://www.chinadaily.com.cn/business/2017-04/14/content_28921760.htm
Of course Jiangxi Long Ziping predicts copper will remain under $3 a pound. After they make their acquisition he’ll predict copper to the moon!!! Could he possibly be more transparent?
It’ll be a much better day when the Muslim guerrillas and Kabila’s images appear on milk cartons.
CIBC initiated coverage September 14 with a "Neutral " rating and a 12-18 month target of CDN$ 5.00.
From the CIBC research.
"We expect IVN to be the main source of funding for its three projects: 1) for Kamoa-Kakula, issuing around $250M in debt and equity (50/50) and taking Crystal River's 1% in the project in Q1/18; 2) Platreef financed with $1.0B in debt and equity (50/50) in Q1/19; and, 3) Kipushi financed with $510M debt and equity (50/50) in Q4/20.
Despite the increase in borrowings ($1B by 2020), we estimate net debt to equity to peak at 49.6% by 2021, declining to NIL during 2023 after the ramp-up of Kamoa-Kakula. "
To me this is good news, ( not great because of the additional equity issuance expected) and $5 CDN is well below my 12-18 month expectations. But as always, do your own dd.
Oh, and this report was sent to me this morning by my broker , 11 days after its release, and this is my biggest holding with him with great distance. ffs.
Gonna be some headwinds for the next while:
http://www.mining.com/bad-news-copper-price/
Something is going on, but is it personal or based on insider information? If the latter, it might be illegal. If the former, it is of no consequence.
My bet is on the former.
https://m.canadianinsider.com/money-moving/2017-09-20/insider-selling-ivanhoe-mines-ivn
http://www.investopedia.com/terms/i/insiderinformation.asp
Good grades and shades:
Recent Insider sales are utterly meaningless. Utterly. We have no idea of the personal circumstances of the selling insiders. Holding investments does absolutely nothing to affect ones lifestyle. Maybe they want to buy a house. A vacation property. Pay off debt. Fund medical expenses. Fund a child's vacation. Help out parents. Pay taxes. Building a big bloody wall around their house and hire bodyguards, after all, this is the DRC. Or diversify their investments, like smart investors do.
And they are still choking on options or holding shares.
These sales are utterly meaningless.
As much as I absolutely love my Porsche, (even though the nav system is of Lada quality ) my next car could be a Tesla, depending on range. Oh, and it has to drive like a Porsche.
https://cleantechnica.com/2017/08/25/iphones-teslas-never-go-mainstream/
I thought this was still science fiction:
http://sunflyer.com
With increasing violence and starvation in the DRC I'm surprised we are holding up so well. If the DRC was stable, Kabila gone and elections held, and respected, Ivanhoe would soar to new highs.
And to Johnny on Stockhouse, the one thing that Press Releases from public companies absolutely do not do, is expect readers to "read between the lines" . Press Releases by responsible management are to be taken at face value, no more no less. I know, because at one time, my name was on many.
The Press Release today is responsible corporate governance. It is to tell the market that there is no material unreleased information, either bad or good, in the face of a recent unexplained material drop in share price.
And as the company has no control over the political situation in the DRC it is not their responsibly to report on the political situation unless the barbarians are at the gate, which they are not.
And why not provide a brief, immaterial update on drilling at the same time, as well as a reminder of the current status of existing resources.
Remove doubt where there is doubt. This is responsible corporate governance.
Yes. But also DRC crackdown, particularly the restrictions placed on social media this week. Well in addition to a pop in insurrection and killing.
A double political whammy.
Temporary me hopes.
But not when the DRC tensions flare up.
Days like this you have to look long term, since this weeks backlash against Kabila's deceitful intransigence and yet more arrests, makes the ride a bit gut-wrenching.
I wouldn't be surprised to see China get more present and vocal.
Did not see that, thanks. It is good news.
But ther is reason to be cautious, Chinese credit is finally tightening, and the commies are flexing their muscle with the capitalists:
https://www.nytimes.com/2017/07/23/business/china-economy-gray-rhinos.html
Battery recycling and element recovery is improving significantly, I don't see a problem.
And I'm looking for an energy retailer that is putting big bucks into electricity "filling" stations. At 20 minutes a "fill" range isn't an issue.
It's due to the weakness in the $US.
In a business sense, this is RF. Read to the end.
https://m.warhistoryonline.com/war-articles/vietnam-war-pilot-to-receive-medal-of-honor-for-saving-44-soldiers-x.html
I notice a lot of bickering over the valuation of Ivanhoe. Allow me to add to the confusion of those who have no business attempting a valuation by providing a scholarly reference and a model for the valuation of a copper mining company. Oh, and might I suggest a ballpark tax rate of 25% as I believe based, on pulling it out of my butt, it will be conservatively in that range over the LoM.
http://www.basinvest.ch/upload/pdf/Valuation_of_Metals_and_Mining_Companies.pdf
Seems to me like RF is doing the right things.
The maximum tax rate for mining in DRC is 30%. There are incentives available, particularly to mining companies, for tax reductions and exemptions.
I expect Friedland is all over this, a good DRC corporate citizen, and strives to reduce taxes as much as is reasonable.
https://www2.deloitte.com/content/dam/Deloitte/global/Documents/Tax/dttl-tax-drcongohighlights-2015.pdf
Facts, not fiction.
Apologies for my lack of knowledge and laziness, but does anyone know off the top if Ivanhoe has any of these so-called rare earth elements in any of its properties in economic amounts?
http://www.huffingtonpost.ca/blair-king/renewable-energy-canada-rare-metals_b_7837710.html
A supporting article to my previous post:
http://www.businessinsider.com/how-can-america-be-energy-independent-adopt-renewables-2017-7
As much as Trump is looking backwards, as well as those entrenched in fossil fuels, the Koch brothers, the resource companies, certain utilities, they will not succeed in stifling innovation, growth, and economies in renewables. In fact, I expect at a certain point all of the aforementioned will see what the leading edge (we're well past bleeding edge) thinkers have thought for quite a while. If you can't beat em' join em'. Energy companies of all stripes will finally realize that they are suppliers of energy, full stop. I have a lot of faith in American business innovation, and the growing list of politicians at all levels (well, with one temporary exception) who see the future,
Hard to imagine though that America wasn't first with this:
http://profit.ndtv.com/news/economy/article-suresh-prabhu-launches-indias-first-solar-powered-train-says-24-more-to-come-1725067
Now France. The world continues to leave Trump with his fumes as it electrifies. Copper wins, fossil fuels lose:
http://www.independent.co.uk/environment/france-petrol-diesel-ban-vehicles-cars-2040-a7826831.html
Efforts to support a democratic transition increase:
http://www.aljazeera.com/news/2017/07/threatens-sanctions-delaying-dr-congo-vote-170711214545803.html
Increasing world electrification, but with increasing efficiency and spread:
http://www.worldenergyoutlook.org/resources/energydevelopment/energyaccessdatabase/
https://www.bloomberg.com/view/articles/2017-04-12/the-de-electrification-of-the-u-s-economy
Oh, and if RF had material information ( with certainty of the nature of the information) it would be released, so that it didn't leak, or some other such nonsense. My guess is that the drill results were ambiguous in some manner, and that further study is being done, perhaps more drills. I figure nothing to worry about, RF just wants to put out solid information.
They are both dangerous, in different ways.
You can have both. I want neither.
Ivanhoe can issue a Press Release today, tomorrow, any day of the year.
If there is material news, it must be released on a timely basis and in a manner that is informative to all of the market.