Did you see the great interview with Vancouver-based mining magnate Robert Friedland in today’s Financial Review? It’s worth three dollars to read the interview (how’s that for inflation?). Friedland is talking up the Aussie float of Ivanhoe Australia Limited (ASX:IVA). He is a world class promoter and, depending on your perspective a visionary the likes of Andrew Forrest. His strategy is simple. Buy a distressed asset. Front up the money to drill it like nobody’s business.
August 12th, 2008 | Dan Denning | 1 comment | Continued