Thanks for your comment of course mate, always noted.
I think @milesy and @mileraFC have presented what are my opinions very well.
But let me add that IGO, while down from its highs has come off its bottom of ~ 6.90 and at 7.90 represents a convincing reentry.
Sure their Ni is a basket case at present prices (and I'm sure that is the matter you refer to due to ill-advised purchases by previous management) - but they do have beneficial ownership of 25% of greenbushes - the largest Li mine and supplier globally and with an all in opex around ~ $500, that mine is still super profitable even in today's suppressed market.
In addition, while Greenbushes profit is down from an unsustainable super high, it still is a cash cow and as a consequence (last time I checked) IGO had ~ $500 mil in unallocated cash.
That, in todays market, actually puts IGO in a good place - but be quite sure the new management under Ivan, will be very fussy before making a move.
BUX on the other hand as an explorer, have three mighty interesting projects - well four actually if we separate the Copper Wolf JV from the Copper Wolf 100%. We know as @milesy says they are interested in Dogleg and Copper Wolf, why not Wolverine and the graphite too ??
I am concerned about the wild volatility on tickers like BUX, AW1 and IR1 - it is not good for confidence for investors, and is in some places manipulated IMO - but also it is charactistic of a bottom in commodities as players with different views come in contact.
IMO we need to stay smart.
No advice intended.
- Forums
- ASX - By Stock
- BUX
- Ann: High-Grades in Net Textured Nickel Sulphides at Dogleg
Ann: High-Grades in Net Textured Nickel Sulphides at Dogleg, page-39
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BUX (ASX) to my watchlist
|
|||||
Last
6.9¢ |
Change
-0.006(8.00%) |
Mkt cap ! $14.40M |
Open | High | Low | Value | Volume |
6.9¢ | 6.9¢ | 6.9¢ | $2.574K | 37.30K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 36999 | 6.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.5¢ | 197308 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 36999 | 0.069 |
1 | 42000 | 0.068 |
1 | 25000 | 0.067 |
1 | 45000 | 0.066 |
1 | 20000 | 0.060 |
Price($) | Vol. | No. |
---|---|---|
0.075 | 197308 | 3 |
0.079 | 55130 | 2 |
0.084 | 149000 | 3 |
0.085 | 174749 | 3 |
0.086 | 119999 | 1 |
Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
Featured News
BUX (ASX) Chart |
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online