quality producer at cheap cheap prices They are currently making almost A$10/lb on their unhedged production, about 65% of that on the hedged production ( 25% ish ). Assuming they produce 9000t in the next 12 months ( ie no production growth on 2005 ) on my calculations that produces an EBIT of near on $170m !!!!!! They only have 117,300,000 fully diluted shares on issue ... they have stated publicly they want to have a VERY progressive dividend policy , at current nickel prices a 30c or even 40c div is not out of the question .... 15% div yield !!
IGO is VERY VERY cheap if current metal prices are sustainable ( if Ni averages $10lb for the rest of the year then $5 for IGO is still great value , you can buy for just over half that at present !! )
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Last
$5.30 |
Change
0.020(0.38%) |
Mkt cap ! $4.013B |
Open | High | Low | Value | Volume |
$5.26 | $5.37 | $5.19 | $11.54M | 2.183M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1266 | $5.29 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.31 | 1779 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1266 | 5.290 |
2 | 4278 | 5.280 |
1 | 503 | 5.270 |
3 | 65521 | 5.260 |
5 | 38049 | 5.250 |
Price($) | Vol. | No. |
---|---|---|
5.310 | 1779 | 2 |
5.330 | 25761 | 6 |
5.340 | 57895 | 2 |
5.350 | 23180 | 2 |
5.360 | 14329 | 1 |
Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
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