Sorry folks but your Tamarack is doomed and soon to be canceled.
Greg Phaneuf, Ivanhoe senior vice-president of business development, said the company has shot some seismic and drilled delineation wells but the more comprehensive requirements revealed last week came as a surprise.
He said the company has approvals to go ahead with seismic this winter but has not decided if that will be done, partly because of its limited funds and the $7 million to $10 million cost.
In its latest corporate presentation on its website, Ivanhoe says its cash balance at Sept. 30 was $35 million and it will able to sustain basic operations only into the second quarter of 2014.
It added it will need to raise money through future partnerships and an asset divestiture, noting it expects to find a Tamarack partner and one for its Ecuador heavy oil project next year.
No partner, no money, no income and no Tamarack and no Ecuador.
Sentiment: Strong Sell
Sent to Ivanhoe IR and complaint made to SEC, let's hope Ivanhoe pushes the SEC. This is illegal Mr Edward R. Silvestri.
Don't worry, been busy, but have not forgotten about your fraudulent disability claim that I will be reporting - and please come back with an idiotic immature remark as ususal - THE REPORT IS HAPENNING.
Count on it, like Ivanhoe's continued SP rise tomorrow.
Our fortunes with IVAN looking great in 2014, your prospects for either jail, legal troubles or one way ticket out of Silvestri family basement looking great as well.
You sound rather desperate old girl. What factual issues do you have with his post ?? Or are you just angry as you have been for months. Remember $3.77 (Your pre R/S purchase price of tons of shares)
Hey BD, Greedyone222 just clobbeted Zoobycth who said there are no Disclaimers about forward looking statements on any other oil company site, eve though he was told it is an SEC rule to publish them. Greedy copied one off the Shell website. Clukess wonder Zooloser faiks again!
Again, regardless of who is posting or based on their history, it remains that this stock is a dog and the people in charge of IVAN appear to have run the company into the ground, in addition to the stock valuation. Are most of the current posters new to this site? Have they not followed the empty promises, false sense of hope created and illusory agreements and the like over the past 3-4 years? What the h3!! could you be thinking???
sonofzooloo88 You are like the kid who didn't have any friend's and you blamed everyone else when things went wrong. You are the kid who wet his pants in school and everyone laughed at you. Start crying to mommy now because if you tell the teacher you will have to spend the rest of the week standing in the corner when everyone else is having fun because we bought IVAN and you didn't.
Sentiment: Strong Buy