Ivanhoe Canada shares closed at $ 17.35 after an intraday high of 17.46 which I believe is an all time high certainly a 52 week high. Most of the activity was in the last 2 hours into the close so we can expect this to continue next week. The cause is probably the speculation about possible approaches to the company from Rio, BHP, Chinalco,Shenhua(spelling)& other interested parties. If the Oyu Tolgoi copper/gold resource plus Entree extensions equals the Freeport McMoran Grasberg(?) New Guinea deposit then the sp is due for re valuation. The price movement doesn't just seem to be just a daytrader thing as we see on HC with momentary junior favourites.
Austin NZ , I apologize for clogging up your IVA site with news from the mothership. But as they are so closely related there must be some price repurcussions in Oz from the epicentre of events in OT. Delayed time reaction.
IVA Price at posting:
$3.59 Sentiment: Hold Disclosure: Held
