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Re: IVA - Ivanhoe Australia

Additional Information Received from IVA through email on 8th July. Darren was absolutely right. See attached. I am now wondering what made Rio to announce such a belated information on 30 June 2010 :confused: :



xxx



Thanks for your email and support for Ivanhoe Australia.



On 24 March 2010 we did inform the market of RIO’s indirect interest in Ivanhoe Australia.



I would expect RIO to inform the market of any IVA interest change before we would consider highlighting to the market.



Regards

Darren




|Finance Manager & Company Secretary|Ivanhoe Australia Ltd|

|Tel:+61 3 90908803 Ext 8803|Fax:+61 3 90908899|
 
Re: IVA - Ivanhoe Australia

I wonder if the 10% jump last Friday had anything to do with Chinalco's desire to buy into Ivanhoe's Canadian parent??? :eek:utthedoor:

Winnipeg Free Press
Chinese aluminum company seeking stake in Ivanhoe or its Mongolian mine
Ross Marowits, The Canadian Press
7/07/2010

http://www.winnipegfreepress.com/bu...ke-in-ivanhoe-or-mongolian-mine-97954509.html

MONTREAL - Rio Tinto says it is in talks with a Chinese aluminum company about buying a minority equity stake in Ivanhoe Mines Ltd., or a direct interest in Ivanhoe's signature copper-gold project in Mongolia.

In a filing Wednesday with U.S. regulators, the London-based global mining giant said it continues to talk with the Aluminum Corporation of China (Chinalco) ”” a large Rio Tinto shareholder ”” about its ownership interests.

"If any arrangement is agreed, it may be a bipartite or tripartite arrangement with (Ivanhoe) and/or Rio Tinto," it said.

Any such arrangement may require approval from Ivanhoe, Rio Tinto and the Mongolian government.

Rio last year walked away from Chinalco's desire to invest US$19.5 billion in the company after shareholders balked at the infusion designed to reduce Rio's debt.

The company said it has also had discussions about the Mongolian project with "numerous parties," including the European Bank for Reconstruction and Development and the World Bank's International Finance Corporation.

Ivanhoe is working with both organizations to evaluate a major financing package for construction of the planned $4.6-billion Oyu Tolgoi mining complex.

"Rio Tinto intends to continue its discussions," it stated.

Rio Tinto (NYSE:RTP) has called the Mongolia project the world's largest untapped copper and gold resource. It announced last week that it was increasing its stake in Ivanhoe Mines Ltd. (TSX:IVN) by 7.3 per cent to almost 30 per cent as Ivanhoe continues to develop the Oyu Tolgoi project.

It will increase its stake by exercising all of its series A warrants, which entitle it to acquire just over 46 million Ivanhoe shares at US$8.54 per share, for total consideration of approximately US$393 million.

Rio Tinto said it is also continuing to talk with Ivanhoe about the potential conversion of the equity stake in Ivanhoe of a subsidiary, Rio Tinto International Holdings Ltd., into a direct ownership interest in the Mongolian project.

Rio Tinto and Ivanhoe are development partners for the Oyu Tolgoi project. Production is expected to commence in 2013, with a five-year ramp up to full production.

Ivanhoe declined to comment on Rio Tinto's filing or its discussions.
 
Re: IVA - Ivanhoe Australia

Rio, Ivanhoe Relationship Sours

WSJ
JULY 14, 2010, 7:46 A.M. ET

http://online.wsj.com/article/SB10001424052748703792704575366621340716524.html?mod=googlenews_wsj

By DAVID FICKLING

SYDNEY””The close relationship between global miner Rio Tinto Ltd. and Canadian company Ivanhoe Mines Ltd. appears to be unraveling just as their biggest joint project starts moving toward production.

At the center of the dispute lies a slow-motion tug-of-war over control of Mongolia's Oyu Tolgoi mine, the world's largest undeveloped deposit of copper and gold, due to start production in 2013.
 
Re: IVA - Ivanhoe Australia

This is a day for IVA.
Trading Halt
  • Excellent Discovery
  • Equity Raise at $2.88 (could be seen there was a systematic price jack up only few months ago I bought this at $2.6 :banghead: and now it is at about $3.2. With low volume who knows the jacking was not done for raising equity at a hepty price) with an option (issue price of option is not high though)
  • I think on coming Wednesday the share will be traded on ex rights (since the record date is
on Thursday PM).

time will tell and surely I will sell my shares on Wednesday if the price is ex rights - who will provide me the money to buy rights otherwise ?

DYOR
 
Re: IVA - Ivanhoe Australia

Ivanhoe is buying the Barrick's mill & mine at Cloncurry for $18 million (plus $28m clean up guarantee), expediating their production time line. Has anyone an idea of the current production from this acquisition? However, there appears 2 b that bump up in price which coincided with the capital raising, it arrested a strong downtrend, the 20% drop since 12/8 (lowest close & highest volume 4 12 months) could mean this has now resumed & may continue for another 10%. All the talk in the rights issue proepectus seemed 2abt Molybdenum & Rhenium, what happened 2 the copper & gold. What about a take over of CuDeco, which is also at Cloncurry, if it becomes cheap enough at sub $1? Would make this a large mine & they have the financial backing if it becomes available.

Not a financial advicer, just a accumulator of interesting information
 
Re: IVA - Ivanhoe Australia

IVA to list on the Toronto Exchange tomorrow.

Should be interesting to see how that market rates Mt.Elliott and Merlin in the near future.

Here's an interesting article I have come across today.

Chile's Molymet sees rhenium output cut on fall in grade content

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Metals/6589901

Santiago (Platts)--10Nov2010/523 pm EST/2223 GMT

Chile's Molymet, the world's largest producer of Rhenium, said Wednesday its ability to produce the metal is likely to be limited in the coming years on lower rhenium content in concentrates.
 
Re: IVA - Ivanhoe Australia

Increase in volume today after the Barnes Shaft announcement. Great grades of Cu.
 

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Re: IVA - Ivanhoe Australia

I visited IVA thread after about a year.
I am astonished readers have banished this thread since Nov 2010. Now Market has been whipping it continuously. ASX issued a please explain for a downward trend for 95 cents price from $1.52 - company said nothing. Today 2nd Oct it dived further.
I am confused as only recently Rio enhanced its holding to 49%. Either Rio is stupid not to know why it enhanced at a higher price (not first time) or the market is underestimating the value of IVA.
Personally looking into ore body, recent discover and plan of the company (even they are fighting with Rio) it is an excellent stock.

I do hold it and watching how far it can go down for reentry averaging my price

Any comments will be much appreciated
 
Re: IVA - Ivanhoe Australia

RIO has a stake in IVA global, not IVA Australia. IVA is not in Mongolia, but they are a buy to me...

Are you a holder of IVA Australia or IVA global?

Miner said:
I visited IVA thread after about a year.
I am astonished readers have banished this thread since Nov 2010. Now Market has been whipping it continuously. ASX issued a please explain for a downward trend for 95 cents price from $1.52 - company said nothing. Today 2nd Oct it dived further.
I am confused as only recently Rio enhanced its holding to 49%. Either Rio is stupid not to know why it enhanced at a higher price (not first time) or the market is underestimating the value of IVA.
Personally looking into ore body, recent discover and plan of the company (even they are fighting with Rio) it is an excellent stock.

I do hold it and watching how far it can go down for reentry averaging my price

Any comments will be much appreciated
Click to expand...
 
Re: IVA - Ivanhoe Australia

danbradster said:
RIO has a stake in IVA global, not IVA Australia. IVA is not in Mongolia, but they are a buy to me...

Are you a holder of IVA Australia or IVA global?
Click to expand...

Ivanhoe Australia seems to be 70% ownership by Ivanhoe Global.
(Ivanhoe Mines Ltd. 9.99%, Ivanhoe Australia 9.99%, Ivanhoe Cloncury 9.99%, Ivanhoe OT Mines Ltd. 9.99%, Ivanhoe Mines Delaware Ltd. 9.99%, Ivanhoe Reserve hodlings 9.99%, Other Ivanhoe wholly owned subsidiaries 9.99%)
and another 10% directly owned by Rio.

Rio increasing interest in Ivanhoe Global indirectly increases holding in IVA Australia?
 
Re: IVA - Ivanhoe Australia

mshepherd said:
Ivanhoe Australia seems to be 70% ownership by Ivanhoe Global.
(Ivanhoe Mines Ltd. 9.99%, Ivanhoe Australia 9.99%, Ivanhoe Cloncury 9.99%, Ivanhoe OT Mines Ltd. 9.99%, Ivanhoe Mines Delaware Ltd. 9.99%, Ivanhoe Reserve hodlings 9.99%, Other Ivanhoe wholly owned subsidiaries 9.99%)
and another 10% directly owned by Rio.

Rio increasing interest in Ivanhoe Global indirectly increases holding in IVA Australia?
Click to expand...

Yes, they increased their indirect interest by upping their stake in Ivanhoe global. Their intention though is to gain more control over Oyu Tolgoi though, so I have no idea what their opinion of Ivanhoe Australia is.

I am eagerly waiting for the quarters to pass to hopefully see some positive progress in Australia (earnings).
 
Up again. Currently 19c

Interesting to see how it reacts with some potential resistance ahead!
 
Re: IVA - Ivanhoe Australia

pavilion103 said:
Up again. Currently 19c

Interesting to see how it reacts with some potential resistance ahead!
Click to expand...

When I checked the competition this month I saw that IVA was looking good.
When I checked the chart it was a no brainer with that large volume coming in.
Got in and out over 3 days from 0.11 up to 0.165 - that big move up was a good enough excuse to exit and take profit.
Now watching for what happens today - looking for low volume small down day indicating little selling.
If that occurs and tonight's US market is up then the move may resume from a revisit of around that 15c mark that is presumably now support.

Thanks Pav for tipping it - I don't have the ability to run scans anymore and these set ups are hard to find without.
Cheers.
 
On June 17th, 2013, Ivanhoe Australia Limited changed its name to Inova Resources Limited.
 
On November 27th, 2013, Inova Resources (IVA) was removed from the ASX's official list following compulsory acquisition by Shanxi Donghui Coal Coking & Chemicals Group Co., Ltd.
 
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