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18/10/22
21:52
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Originally posted by tomboy:
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BOTTOM IS IN
looks like, Or cant be far off.
NP rebound due soon and NP at 9.80 - way way above the DFS estimates so revenue will be way above that estimated. Also the cheaper it is the easier IGO can mop it up using that cash they hold.
IGO Underlying Free Cash Flow A$ M 209.8 (82.5) ▲ 354%
IGO has $210Mpa free cashflow currently then add in another $100M from WSA operation thats $300M pa
IGO also has $440M cash and $1B debt with a credit line so they could swallow PAN in 1 year using just cashflow or just use the cash at bank and still have cash leftover.
IGO must be looking on eagerly at these 18 month lows.
You need steel b@lls to get in here. Not for the faint hearted but for the brave.
BUYZONE 13-17 is here imho.
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IGO have stated they are not interested in PAN unless they or one of their JV partners in the Kimberley find something mineable. i wish it wasn't true, but likely is. PAN is very hand to mouth in terms of operational size and comes with too much financial burden for small trade off potential.