IGO 0.96% $5.27 igo limited

Ann: March 2023 Quarter Presentation, page-9

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    If they hadn't purchased WSA I might still be holding the stock: Impairment of WSA assets
    • IGO expects to record a non-cash impairment on the
    assets acquired via the WSA transaction in its year
    ending 30 June 2023 Financial Statements
    • Impairment reflects changes in certain assumptions
    compared to IGO’s expectations at the acquisition date,
    including:
    – Cost escalations
    – Higher capital costs at Cosmos
    – Mine schedule changes, including delays at AM5
    and AM6
    – Underperformance of Forrestania
 
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