You can gild the lilly as you like, but fact is you were talking exuberantly, waxing lyrical, about IGO up to near $15, and now since you’ve sold you are crushingly negative, even as the sp is 20% cheaper.
So what else that you have mentioned has changed since then? As the increase in the WSA offer represents a small fraction of that 20% it doesn’t cut it as the reason. As I said you’d have to be innumerate to swallow that.
IGO’s big risk imo is that it will grossly overpay for a large asset after it fails to get WSA. Although it appears they got the lithium right this has consistently been my fear since the SIR debacle when I was a holder.
EL
IGO STRONG FINISH FRIDAY, page-21
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Last
$5.43 |
Change
-0.020(0.37%) |
Mkt cap ! $4.111B | |||
| Open | High | Low | Value | Volume |
| $5.45 | $5.48 | $5.38 | $11.98M | 2.204M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2555 | $5.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.43 | 17810 | 4 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| IGO (ASX) Chart |