Monday, May 25, 2009

Ivanhoe And The Mongolian Hordes

Ivanhoe (NYSE:IVN) may be facing another set back in Mongolia with the election of the opposition leader who wants more from mining companies. Everyone thinks it’s just another shake down where the mining company needs to just pay out more royalties. But what about the Chinese who are next door and do not have trouble raising cash? Why don’t they just write a check and make this Mongolian guy real happy right now. Geo-political risk is a bitch.