I suggest you have a look at IGO's financial statements in regard to Tropicana. Within 1 year (probably from the start of this year) they are delivering 53,424 oz at a price received of $1980au and then later than 1 year and no later than 2 years 27,144 oz's at a price received of $2089 au Anglo runs the joint and these forward sales are IGO's share and will no doubt be part of the overall picture. Hopefully IGO continues to sell at the average number they have been selling at through the year after the contract was signed. The metrics don't look that great either. A massive gold price revaluation will no doubt bail the company out.
RRL Price at posting:
$2.57 Sentiment: None Disclosure: Held
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