Maybe just the IGO guys smarter than the pundits think. If a company think this year they are going to have a cracker $$ result why not drop a $1b impairment charge and revalue downwards. auto loss of a $ billion. Tax loss $1B. Little bit of pain on announcing then brain kicks in. Maybe everyone panicked. Usually a bad announcement is followed by an exceptionally good one, history has proven. And then u have Street manipulating to send yr brain goes fuzzy. (What will I do?) That’s what they want. Guaranteed in day or so Street will be new announcement: becoming a substantial shareholder. You can bet on it. Push prices lowers today with malice, to average out the price after recent pushing price up to $16!! ouch. Then this news. How to make money in supposed bad news.flog down and load up. Average out. Seems the suckers bought it on 9m turnover. Easy money! Algorithms laughing .
IGO Price at posting:
$14.82 Sentiment: None Disclosure: Not Held
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