Ascending Ivanhoe | Graphite’s Rough Ride

The Calandra Report / By
Ivanhoe Mines Shares Extend Record Highs

 

  1. SHARE DRIVERS for IVN IVPAF likely are a.) the Kamoa-Kakula copper miner’s approx. $1 billion buildout of a flash smelter at the DRC Congo complex, thus roasting and smelting sulfide concentrates in a single furnace and reducing transportation costs for copper-con; b) Kamoa Copper’s researching of profitable recoveries of copper units from tailings stream(s) of concentrators; and c) Ivanhoe execs this week (Thursday August 3, 2023) will discuss a quarterly update.
    ASCENDING: IVN Ivanhoe Mines Shares 3-Year Chart

    IVN IVPAF shares are our largest nat-resources stake. Some 80,000 shares. Market-cap is zeroing in on $17 billion CAD. Shares of IVN in Toronto trading Monday-today touched $14.01 CAD for the first time. Here at home, we might sell 500 shares. Some of our shares travel to 2003, when Ivanhoe was Ivanplats with its Platreef platinum-palladium-nickel-gold-rhodium-etc. developing mine in South Africa. I expect for Thursday’s update a confident statement of production, improving profit margins and developments in DRC Congo and South Africa.

    Please see The Calandra Report/TCR Ivanhoe’s Flash.

    DESCENDING: Nouveau Monde Graphite NMG 3-Year Chart
  2. Nouveau Monde Graphite: I am now taking an NMG graphite pasting as the Québec-co’s shares sacrifice market cap. I likely will continue to reduce our stake, this after making NMG money several years ago. I reached out to Éric Desaulniers, just outside Montreál.  The CEO-founder said this: “Weird enough, graphite isn’t shining yet; it is in fact trading at its bottom in many years in China.  All short-mid terms projections are still super positive with all plants in construction but haven’t been realized yet. Even if we own both of the most advanced projects in North America and our positioning is enviable, NMG isn’t dissimilar to all other graphite developers suffering from low capital market interest, for now. For sure we will have our time under the sun soon enough with the macro and project specific announcements coming.”
  3. Notes: Alaska’s Contango Ore still feeling the weight of its discounted financing. I just added to our CTGO stake today-Monday. …  DHT Maritime Holdings, the European natural-gas/very large crude oil carrier-co, is on an upward track ahead of its  quarterly update and dividend statement. August 9 is the update. EPS estimates are all over the map as spot shipping rates for the very large carriers are swinging widely this spring and summer 2023. High and low EPS earnings estimates are $0.45 and $0.28. We own DHT shares. See recent The Calandra Report/TCR coverage please. … Yukon wildfires are spurring partial evacuations at Victoria Gold‘s Eagle Mine up there. Mining and stacking for now are suspended. See release please.  Banyan Gold BYN BYAGF, in the same mining district as Victoria Gold VGCX but not in the fire-designated evac-area, is suspending prospecting and soil sampling. See release please. Banyan is logging core from its now-completed Phase 1 drill program at AurMac: 24,556 meters drilled.

    — Thom Calandra 

     
     

    Thom Calandra is a writer and an investor. Research and material are meant as editorial opinion. He is not a professional investment adviser. Please do not consider his reporting as a recommendation to buy or sell securities.