Two Monster Companies:The two largest companies on the planet earth are Vanguard Inc and (via their subsidiary State Street Corporation) and Blackrock Corporation. Between them they control$US15 trillion in assets. More than most countries. They are the largest shareholders in Google, Facebook, Amazon and Apple just to name a few. They have now made a serious move on IGO. They have now purchased around 10% between them.,they are also the largest shareholders in each others companies. Announcements show they buy sell short IGO with alternating announcements in order to raise their holdings at the cost to IGO shareholders. This is not a joke. When you see the stock drop and rush to sell don’t panic and fall for the 3 card trick. These two monoliths are buying as much stock as they can in IGO now because they know the real value of IGO and it’s going forward value. That’s also why Australia’s richest guy Twiggy is joining the race. Did you think to wonder why?
IGO Price at posting:
$14.86 Sentiment: None Disclosure: Held
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