Ivanhoe Mines inked an agreement with the Burmese government to develop a copper mine and split the profits.
Calandra had used the newsletter to tout Ivanhoe Energy and Ivanhoe Mines, stocks he at one time owned.
His hands are tied because of the company's confidentiality agreement with Ivanhoe Mines.
They just made 140% on Ivanhoe Mines (IVN) calls.
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At the same time he is trying to list Ivanhoe Mines on Nasdaq or the American Stock Exchange, a move that would certainly attract new investors and, perhaps, result in a better price.
The volatile stocks have both more than doubled in the last year, but Ivanhoe Energy has tumbled 57% and Ivanhoe Mines is down 43% since the stocks reached their peak in early November.
Calandra, who recommended Ivanhoe Energy and Ivanhoe Mines in his newsletter, numerous Internet columns and on the CBS Marketwatch television program, said he had fully disclosed the junkets and his share ownership in Ivanhoe Energy.
The project is a joint venture between the Mongolian government (34%) and Ivanhoe Mines of Canada (66%), which is in turn 49% owned by Rio Tinto, the mining giant that is managing OT and has put up most of the money.
Of the 11 research analysts following Ivanhoe Mines, 9 rate the stock a "buy" or "speculative buy, " according to Bloomberg, a surprising endorsement for a stock trading at 27 times revenue and whose chief potential payoff--a speculative big strike in Mongolia--is years away.
He freely admits that he is "a large holder" of stock in Friedland's Ivanhoe Energy and has recommended both Ivanhoe Mines and Ivanhoe Energy in his newsletter. (He has also shilled for Ivanhoe Energy on CBS MarketWatch's weekend network-TV broadcast.) His enthusiasm has been credited by various news wires with moving the stocks higher.
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