This selloff could be due to jitters related to market decline, who knows?
The 10-K release will provide updates to company's progress on Monday.
I would agree with you, james.
Company has to announce funding, and if they expect EC deal to close later than EOM then RF has to provide a bridge loan. Ideally, the news of financing will greatly improve the sp.
I'm not a short, but you're an amateur. How's your wet dream of $8/sh looking now? I won't be surprised if distribution will bring this into red by EOD, the next day after wild turkey story...
Chinese Concerns Send Base Metals Sharply Lower
Friday March 7, 2014 8:44 AM
Base metals are sharply lower on Chinese concerns. Bellwether copper fell as far as $6,847 a metric ton on the London Metal Exchange, its weakest level since July. “Base metals have been under pressure all morning in London, reacting to the first onshore Chinese company default,” says Steve Scacalossi, director and head of sales for global metals with TD Securities. “Shanghai Chaori Solar Energy Science & Technology Co. failed to pay interest due today on bonds….Nonperformance by Chaori has now fueled speculation as to how many more companies may be in a similar situation and what negative impact that could have on the economy.” Edward Meir, commodities consultant with INTL FCStone, also cites a “belated reassessment” of a Chinese economic plan announced by authorities this week. He expresses skepticism about the Chinese leadership’s forecast of 7.5% economic growth for 2014. As of 8:38 a.m. EST, three-month copper was down $180, or 2.6%, to 6,870 a metric ton. Aluminum, nickel, zinc, lead and tin were also weaker.
Most likely this is a quack story. Somebody big wants to get out and spread the rumor about BO.
Watch out for a rise, a few days of distribution, another short and then hammer time...
Calm down Terry.
We're still trading at 25c pre-split, which is a travesty.
Once the financial picture clears up IVAN should be trading above $1.50 pre-split, that's $4.50 in current sp.
Once we break the topside of $5, then we can start celebrating...
Those stats are wrong. Just RF (an insider) owns close to 20%. Carlos owns over 3M shares post-split.
Also the institutional #'s are way under-reported...
Gov't is hardly "rushing in", IVAN let them know about the partner and what is necessary for this deal to proceed and HTL technology to be used to extract EC heavy oil. Without IVAN, there will be NO oil extracted, and IVAN and CNPC let them know repeatedly that time is of the essence.
Last week and this week IVAN is hosting EC officials in Calgary.
They're showing the EC delegation how heavy oil is currently being extracted in AB, and the benefits of HTL process including technical data generated during processing of EC's heavy oil at a pilot HTL plant. From what I understand, IVAN sr. officials are feeling confident that the deal signing is within reach.
RF is heavily involved in budget consultations, so I assume he'll arrange another large shelf of financing through the Canadian banks or his own finance company.
Another good piece of news is that the cost of running 3-D seismic will actually be 40% of the initially projected amount because AER does not require certain detailed analysis of the data that was done with previous filing, though certainly newly acquired data needs to be analyzed. Thus, the cost of 3-D seismic will be ~$4M.
WASHINGTON February 24, 2014 (AP)
By MATTHEW DALY Associated Press
President Barack Obama told governors at a White House meeting Monday that he expects to decide on the proposed Keystone XL oil pipeline from Canada in the next couple of months, two Republican governors said.
Oklahoma Gov. Mary Fallin, who chairs the National Governors Association and supports Keystone, said she asked Obama about the pipeline at a meeting with about 40 governors.
Obama told her he expects a decision "in the next couple of months," but didn't offer a specific timetable, Fallin and Nebraska Gov. Dave Heineman said.
Obama's comments were the most specific he has been in recent months about the 1,100-mile pipeline, which has become a high-profile symbol of the political debate over climate change.
Sentiment: Strong Buy
I'm still here, Zooster, and am fully invested in IVAN.
I just thought not to waste my time on this board, as bdmaccg is doing a great job exposing your lies here.
Sentiment: Strong Buy
Theoretically these elections do not affect the deal signing, as they elect local officials.
This deal is decided at the ministerial and president's level.
On February 23 of 2014, about 11.7 million Ecuadorians will return to the polls to elect around 5,652 officials among mayors, prefects, vice-prefects, councilors and members of parish boards, said the National Electoral Council (CNE) in a session conducted in the Amazon city of Tena.
IVAN stands to benefit greatly from the deal as its technology will be used in more places than just Block 20, and will put HTL on commercial utilization map. Stand by, the long wait is almost over...
Sentiment: Strong Buy
That original $37/bb has already been revised to $51/bb as of last year in negotiations.
Even if IVAN will get $1/bb out of this deal, it's $120K per day in profits. Greg P. told me that they were discussing $5/bb for IVAN as of last year...
The nature of the "debate" is between EC and the Chinese conglomerate.
HTL's efficacy is not in question. It's already been proven to CNPC and EC officials.
The resolution of the "debate" is days away now...
IVAN expects EC resolution this month, so that's the news the market is looking for.
In addition, I expect an announcement of a bridge loan from RF to do TM seismic starting this month.
AER is concerned with blowouts at shallow depths which may impact Suncor's tailing ponds infrastructure.
Unfortunately, one of the smaller players in the area was careless and did cause a minor blowout, that's why they are cautious.
IVAN has demonstrated that there'll be minimal pressure built-up during drilling, but they need to satisfy AER with full 3-D seismic map. I actually expect full approval by 1H'14 if seismic is shot within a month or two.