Topic: How To Invest

Hi: Could you provide advice on two very different stocks I own: Ivanhoe Mines (copper deposit) and Turkcell (mobile carrier ADR). Thanks.

Article Excerpt

Ivanhoe Mines, $2.28, symbol IVN on Toronto (Shares outstanding: 515.0 million; Market cap: $1.3 billion; www.ivanhoemines.com), has three main projects in South Africa and the Democratic Republic of Congo (DRC). Ivanhoe first sold shares to the public in October 2012, when it raised $300.8 million. Ivanhoe is studying the economics of reopening its Kipush base metals mine in the DRC, which has operated on and off since 1924. It’s also evaluating its Platreef platinum group metals discovery in South Africa. As well, its Kamoa copper project in the DRC may be one of the world’s biggest undeveloped high-grade copper discoveries. The company has experienced management, led by veteran mine builder and chairman Robert Friedland. However, its projects are mainly in areas that entail well-above-average political risk. That could make it especially difficult to raise financing—and it could cost as much as $3.1 billion to develop all of Ivanhoe’s projects. Ivanhoe Mines is okay to hold, but only for highly aggressive…