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RockingStocks.com Stock Picks October 27th, 2008 Rockin' Stock Pick: Ivanhoe Mines Ltd. (IVN) Ivanhoe Mines, Ltd., together with its subsidiaries, operates as a mineral exploration and development company. The company holds interests in and conducting operations on mineral resource properties principally located in Central Asia and Australia as well as projects in Mongolia and Kazakhstan. On September 30th, a company executive from IVN commented that he saw no reason for IVN's drop. At that time, IVN was trading at $6.40. IVN has been severely oversold and now appears to have finally found a bottom just below the $2.00 level. Rio Tinto, one of the largest mining companies in the World, is a strategic partner of Ivanhoe Mines. IVN and Rio Tinto are negotiating with Mongolia's government to develop a copper and gold mine in the country. They are looking to develop the Oyu Tolgoi copper-gold project in Mongolia's South Gobi Region. If IVN receives approval by the Mongolian government, we could see IVN shares rebound and correct big to the upside. We believe gold will rebound and benefit IVN as well.
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Disclosure: RockingStocks.com is owned by SpeculatingStocks.com, Inc. SpeculatingStocks.com, Inc. is not a registered investment adviser or broker/dealer. SpeculatingStocks.com, Inc. makes no recommendation that the purchase of securities of companies profiled in this Web site are suitable or advisable for any person or that an investment in such securities will be profitable. Generally, given the nature of the companies profiled and the possible lack of liquidity for their securities, investing in such securities is highly speculative and carries a high degree of risk. Never invest based solely on information from this Web site or our email alerts.
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