The market is toxic atm, and the market knows that IG6 will have to raise shortly, no one is buying anything in the small cap sector atm, just selling. Unfortunately it’s going to be a long slow grind from here for a while, hope that I am wrong, but that’s the way I see it. IG6 also haven’t helped themselves, with their generous performance based rights, if they announced that they were going to cancel these performance based rights, I believe that, even in the current toxic market, you would get a bounce in the share price, will they do it I doubt it.
IG6 Price at posting:
19.0¢ Sentiment: None Disclosure: Held
