IGO 1.88% $5.75 igo limited

mc hammer time, page-5

  1. 13,980 Posts.
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    Grumble,

    I think you are grumbling about nothing. Last I heard was IGO had commenced contributing funding earlier than obliged to get regional work accelerated at Tropicana. IGO keen, AAG keen, but market getting forgetful.

    Resources (geos, rigs etc) needed first to be deployed getting the first mine underway, emphasis then shifting to regional work (stated by AAG). Doesn't make for sp fireworks, but sure makes business sense.

    Nothing slow about Tropicana, it is big, remote greenfields work. AAG have devoted a substantial portion of their GLOBAL exploration budget to it. Try a head count, or a rig count, this is big. This is a big project being treated with a big budget - just that IGO hasn't had to pay a cent until recently.

    No one was grumbling when the sp bubbled at $9. Only one thing imo to do now that the sp is in the basement - thank Mr Market for being stupid and buy some more.

    EL
 
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