bottom is in
rebound retrace in process
should be at 12 still but under 8 wow.
market has oversold this badly and INSTOs will take advantage imho.
Will IGO give up its $45M cash invested in PAN (in administration) for nothing, I dont think so.
IGO should bid for PAN as they did in 2019 at 47c ps now 3.5c ps lol.
IGO had $804M cash on hand in September with only $360M debt left from the WSA purchase of $1.2B
IGO is in a strong financial position but market has ignored this.
Quarterly Report
IGO Limited- https://www.igo.com.au › site › pdf › September...
30 Oct 2023 — Cash on hand at the end of the Quarter totalled $804.5M (4Q23: $775.2M) with the Company in a net cash position of $444.5M (4Q23: $415.2M)
IGO should be way higher than this SP imho.
New all time high, page-280
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Last
$5.45 |
Change
0.090(1.68%) |
Mkt cap ! $4.127B | |||
| Open | High | Low | Value | Volume |
| $5.48 | $5.52 | $5.39 | $24.61M | 4.515M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13149 | $5.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.47 | 615 | 1 |
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| Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
| IGO (ASX) Chart |