I follow the warren buffett approach
would you be happy to own a stock if the stock market shut down for three years
the answer with IGO is YES!
I'm buying with a 5 year view
as for the big guys they haven't a clue. these are the guys who brought us this disaster, why listen to them? It comes down to the market pe. it is quite possible the market will revert to a pe of 6 to 8. that means the all ord drops to 3000. large caps could continue to decline for two years. menawhile IGO is making cash hand over fist .
there is no precedent for waht is happening now. Its every man for himself. I bought $15,000 of silver bars two days ago from the Perth Mint for a good reason.
cash backing plus gold project, page-4
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Last
$5.31 |
Change
0.060(1.14%) |
Mkt cap ! $4.021B | |||
| Open | High | Low | Value | Volume |
| $5.22 | $5.31 | $5.16 | $12.51M | 2.379M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12476 | $5.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.31 | 384 | 1 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| IGO (ASX) Chart |