jt

Ivanhoe Mines Close to Agreement with Oyu Tolgoi

Cash flow positive in 2020...think about it...LUDICROUS!!!! Who the heck knows what the world will even look like in 11 years...yet alone talk about being cash-flow positive. I still own a few shares I didn't sell between $11-$13(US!!)in 2007...VERY few in comparison to back 4-5 years ago when OT looked like the 8th wonder of the world, a neverending treasure chest.

And I couldn't care less about the target price anyone sets. "Major progress" has supposedly been happening the entire 7 years of this idiocy and greed by the Mongolian govt. I'll believe it when I see it, and I'll be selling the rest of what i've got left the day after the agreement is announced...if it ever is...b/c I don't trust the Mongolian govt at all to not change the terms once the money has been put in.

Heck for all I know, Obama could get us into a war with China just to try to "get us out" of the Biggest Depression Ever...stranger and stupider things have certainly been done by people in power...and Mongolia could easily be "annexed"...again...by China...along with all resources. Anyway...I'll take the money and run away from Mongolia for good, once the "agreement" to rob Ivanhoe has been announced. If it turns out to be a good longterm investment for some folks...hey, good for them. But it aint me, babe. jt