higher open got sold down and then V whipsaw daily chart back up.
the SHORTER got stuffed like a prize pig and had to cover.
Market appears not to realise that IGO is 4 x undervalued to its peers like BHP RIO FMG MINRES Pilbara minerals
PER of 5.0 on underlying EBITDA and $1Bpa FCF
Soon IGO flexes its muscles & pays off ALL DEBT & makes more acquisitions with this massive cash warchest it is building.
If Cosmos is a low grade dog & FF Nova are running out of ore next 2 years then IGO will need a new set of high grade built mines & mills to use for their proposed POX refinery plant at kwinana as AFAF BHP are also in this market for the very same assets so the competition is tough
IGO to rekindle the Ni wars soon after its stoushes in SIR WSA MCR PAN.
IGO still owns 18% of PAN & minor stakes in SGQ BUX which are potential targets for them.
Market hasn't worked out IGO FCF bonanza yet but the herd soon will.
New all time high, page-134
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Last
$5.14 |
Change
0.050(0.98%) |
Mkt cap ! $3.888B | |||
| Open | High | Low | Value | Volume |
| $5.10 | $5.19 | $5.10 | $14.38M | 2.795M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 27470 | $5.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.14 | 6403 | 1 |
View Market Depth
| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| IGO (ASX) Chart |