Unfortunately (as usual) my funds are too stretched, and I see some other tasty bargains and already have enough IGO.
Reviewed the numbers on the Ni stocks I watch yesterday. As expected AGM and MCR came out as glaring bargains, but IGO looked suprisingly reasonable at 420 once I put a value in for the exploration projects (which I hadn't previously) and looked beyond the 07&08 hedging impact. IMO the hedging justifies a much higher PE. Hard to say the market has the relative values too wrong now after the rerating of MCR and deflation of IGO sp. However imo market still has MRE completely off the planet.
EL
looking good lt value again, page-6
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Last
$6.07 |
Change
0.150(2.53%) |
Mkt cap ! $4.596B | |||
| Open | High | Low | Value | Volume |
| $5.95 | $6.14 | $5.91 | $17.77M | 2.929M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 43532 | $6.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.08 | 30273 | 3 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| IGO (ASX) Chart |