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Filed under: Deals, Rio Tinto plc ADS (RTP), Commodities

Ivanhoe Mines (NYSE: IVN) was broadly lower Wednesday after mining giant Rio Tinto (NYSE: RTP) boosted its stake in the company from 9.9% to 19.7%. Rio Tinto raised its interest in Ivanhoe by purchasing 46.3 million common shares for $388 million. The proceeds will be used to help build and commission Ivanhoe's Oyu Tolgoi project in Mongolia.

Fellow Masters, back to our IN-N-OUT INVESTING alert on Ivanhoe Mines (NYSE:IVN) pointed out last Monday via IN-N-OUT INVESTING for Week of July 27th you could have kept one eye open and still clocked the gains (and ho's) just like Bell Biv Devoe.

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Just a reminder that we pointed out the massive selling of SanDisk (NASDAQ:SNDK) and iRobot Corp. (NASDAQ:IRBT) after their earnings Q2 calls, SNDK has managed to gain back 6% since bottoming Friday and IRBT is still moving down.  Let's not forget that Ivanhoe Mines (NYSE:IVN) talk resume today with the Mongolian government, its time for IN-N-OUT Investing.

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Last week the Masters talked up <u>Ivanhoe Mines Trading on Mongolia Talks, Up 44% in July</u>.  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.

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Ivanhoe Mines (NYSE:IVN) has bounced this month alone (July 09') from $6 to $8 to $9, back to $7 and now settling a just above $8 a share.  The reason?  Negotiations with the Mongolian government and the press surrounding the talks that swings on a moments notice all over the Oyu Tolgoi deposit, which is expected to produce around 440,000 tonnes of copper a year, and 320,000 ounces of gold over its 35-year life.  Big Bucks, No Whammies?

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