Atenção à Ivanhoe Mines: Está a subir mais de 30%!

[Paciente]

A IVN está on-fire registando uma forte valorização de de 33,38% para os $8,71, e com um estrondoso volume.

A parceria com a Rio Tinto está na origem desta espectacular subida:


Ivanhoe Mines and Rio Tinto Form Strategic Partnership to Develop Mongolian Copper-Gold Resources
Wednesday October 18, 7:51 am ET


Rio Tinto to Make a Staged Investment of Up to US$1.5 Billion in Ivanhoe Mines to Fund Construction of the Oyu Tolgoi Mining Complex


LONDON, ENGLAND and ULAANBAATAR, MONGOLIA--(MARKET WIRE)--Oct 18, 2006 -- Robert Friedland, founder and Chairman of Ivanhoe Mines, and John Macken, Ivanhoe's President and CEO, announced today that world mining leader Rio Tinto has agreed to form a strategic partnership by investing in Ivanhoe and, through an Ivanhoe-Rio Tinto Technical Committee, will jointly engineer, construct and operate Ivanhoe's Oyu Tolgoi copper-gold mining complex in Mongolia's South Gobi region. The agreement creates a defined path for Rio Tinto to become the largest shareholder in Ivanhoe Mines.

Provisions of the agreement between Ivanhoe Mines (TSX:IVN.TO - News)(NYSE:IVN - News)(NYSE:IVN - News) and London-based Rio Tinto (NYSE:RTP - News)(LSX: RIO)(Australia:RIO.AX - News) require Rio Tinto to make an immediate investment in the equity of Ivanhoe Mines of approximately US$303 million (CDN$345 million), an amount that will increase, under defined conditions, to up to approximately US$1.5 billion (CDN$1.7 billion).

"This partnership with Rio Tinto is the most significant strategic step in Ivanhoe's 13-year history," Mr. Friedland said.

"We have long believed that the right partnership would bring important benefits to the Oyu Tolgoi project, the people of the South Gobi region and all of Mongolia. We said in a formal statement three years ago that Ivanhoe was evaluating strategic partnerships with qualified companies that had relevant experience and resources to help ensure completion of a successful mining complex at Oyu Tolgoi. Today's announcement marks the realization of that vision."

Tom Albanese, Rio Tinto Director, Group Resources, who will be joining the Ivanhoe board of directors as part of this transaction, said today: "Rio Tinto is pleased to be able to gain an interest in the world's largest undeveloped copper-gold resource and to be able to bring its world-class operating and technical capability to the Oyu Tolgoi project. We also look forward to taking part in negotiations with the Mongolian Government in the near future on the long-term Investment Agreement for the project."

Rio Tinto's investment will be structured in the following stages:

- Rio Tinto immediately will take up an initial private placement of 37.1 million Ivanhoe shares at a price of US$8.18 (CDN$9.31), representing a premium of 30% to Ivanhoe's 20-day moving-average share price of US$6.29. The premium to the closing price on October 17, 2006, is 25%. This investment will give Rio Tinto 9.95% of Ivanhoe Mines' issued share capital as enlarged by the placement, for a total investment of US$303 million (CDN$345 million). Consequently, Ivanhoe's cash position will exceed US$400 million.

- Rio Tinto will take up a second tranche private placement following the satisfactory conclusion of an Investment Agreement between Ivanhoe and the Mongolian Government. Rio Tinto has the option to exercise the second tranche earlier. This second tranche will consist of 46.3 million shares at a subscription price of US$8.38 (CDN$9.54), giving total proceeds to Ivanhoe of a further US$388 million (CDN$442 million). The subscription price represents a 33% premium to Ivanhoe's 20-day moving-average share price of US$6.29, and 28% to the closing price on October 17, 2006. Together, these two placements, and an additional top-up right, will give Rio Tinto up to 19.9% of Ivanhoe's enlarged issued share capital for a total combined investment of at least US$691 million (CDN$787 million).

- In addition to the private placements, Rio Tinto also will be granted non-transferable warrants over approximately 92 million Ivanhoe shares - in two equal tranches of approximately 46 million shares - at various exercise prices. When exercised, the warrants will result in additional funds to Ivanhoe of up to US$808 million (CDN$920 million) that, when combined with the private placements, will total approximately US$1.5 billion (CDN$1.7 billion). These warrants entitle Rio Tinto to increase its interest in Ivanhoe to up to 33.35% of the company's fully diluted share capital. Exercise of the warrants is conditional on the approval of Ivanhoe shareholders at an extraordinary general meeting to be convened in the near future.

Ivanhoe has agreed to use at least 90% of the proceeds received from Rio Tinto to finance the development of Oyu Tolgoi.

Completion of this transaction is subject to receipt of all necessary regulatory approvals.



Podem ver a notícia completa neste link: http://biz.yahoo.com/iw/061018/0173864.html

[Comentador]

Caro Paciente,

Às junior de grande potencial podem acontecer facilmente coisas destas. E o preço que a Rio Tinto irá pagar pelas acções da IVN ainda é "relativamente baixo", na minha opinião (vide http://meu-caro-ouro.blogspot.com/2006/09/junior-gold-companies-ivanhoe-mines.html#links).

Cumprimentos
Comentador

[Paciente]

Boas Comentador,

Júnior? A Ivanhoe não é nenhuma júnior, quanto muito uma "mid-tier" e mesmo assim não é das mais pequenas: capitalização bolsista claramente superior a "1 billion dollars".

Nesta altura tem um "Market Cap" superior a 2 Bln USD. Ontem andava pelos 1,5 Bln, mas também já chegou a valer cerca de 2,3 Bln em ABR06.


Abraço

[Comentador]

Boas Paciente,

Eu chamo junior a todas as empresas mineiras que ainda não iniciaram a produção. É uma mera nomenclatura que muita gente segue, tal como eu.

Eu concordo que o valor da empresa, nomeadamente a sua capitalização bolsista, poderá colocá-la muito acima de outras a que não chamamos júnior. 

Mas mesmo em estudos do sector todas estas emprsas são tratadas como eu o fiz e, entre elas, estão empresas como a Aurelian Resources, a Northern Dynasty, a Minefinders Corp, etc, etc.

Mas em termos de capitalização bolsista, o meu amigo tem toda a razão, só que eu estou a fazer uma análise noutro prisma. OK?

Abraço
Comentador

[Paciente]

Bom, visto por esse prisma até concordo contigo.

A IVN é uma grande empresa com activos fabulosos e a construção da mina e posterior produção é apenas uma questão de tempo.

Digamos que é uma "Junior" que está com um pé no escalão seguinte.

Em termos de posicionamento assemelha-se muito à NovaGold (que para mim também já deixou de ser uma "Junior" -  e a sua capitalização reflecte isso mesmo).


Abraço

[Paciente]

Sessão espectacular na Ivanhoe Mines.

Já esteve a subir cerca de 20% e quase igualou o seu máximo anterior nos $11,58. Volume fortíssimo.

Nesta altura já recuou para a casa dos $10,90, uma valorização de "apenas" cerca de 13%.

Fica o gráfico: