Ivanhoe Soap Opera: Talks with Magnolia Resume July 27th

Last week the Masters talked up Ivanhoe Mines Trading on Mongolia Talks, Up 44% in July.  Yesterday Ivanhoe (NYSE:IVN) said on they will resume negotiations with the Mongolian government on July 27 to finalize an investment agreement for its flagship Oyu Tolgoi copper-gold mine. Get ready to Press Your Luck and play the swings on Ivanhoe shares, and if that deal goes through we can all expect big bucks.

Ivanhoe's fortunes largely depend on the success of Oyu Tolgoi, a project whose opening has been delayed for years as the company awaits government approvals.

Last week Ivanhoe said the Mongolian parliament voted to authorize the government to conclude an agreement with Ivanhoe and Rio Tinto (RIO), its partner in the project. But the two sides have yet to iron out the details.

For more background on Ivanhoe and what's going on with Mangolia holding the cards read our article from last week - Ivanhoe Mines Trading on Mongolia Talks, Up 44% in July

Happy Safe Trading.