This is my first post on IGO.
There appears some IGO pessimism from prior management actions.
Also several brokers reports tip IGO's value to drop significantly.
A view exists that the global hedge funds did short IGO & WSA as proxies for expected nickel price declines.
However the nickel price appears to be climbing - see second attachment.
And IGO's gold operations are starting to perform.
And the shorting on IGO is in (slight) decline - see first attachment.
Is there still a cloud hanging over IGO?
- Potential for management to squander?
- Hedge funds manipulating the price during their unwind?
Happy New Year!
Nickel price on rise but IGO still heavily-shorted
Add IGO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$5.81 |
Change
0.110(1.93%) |
Mkt cap ! $4.384B | |||
| Open | High | Low | Value | Volume |
| $5.75 | $5.81 | $5.71 | $4.313M | 746.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 54 | 23992 | $5.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.81 | 27534 | 24 |
View Market Depth
| Last trade - 12.02pm 09/07/2024 (20 minute delay) ? |
| IGO (ASX) Chart |