I hope you right however it seems the 60% of the market whom are losing money at this price, are willing to continue to lose. The when supply does come out of the market, like QLD nickel, the lower cost producers like New Caledonia turn on another tap.
NC and loss producing mines can only keep this going so long and it all really comes down to whether Indonesia stick to their export ban of low grade laterite ore for NPI production.
Ann: IGO Exercises Lake Mackay Option for $1.5M of ABM Shares,IGO-ABU.AX, page-33
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Last
$5.39 |
Change
-0.090(1.64%) |
Mkt cap ! $4.081B | |||
| Open | High | Low | Value | Volume |
| $5.64 | $5.66 | $5.36 | $33.87M | 6.180M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1185 | $5.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.40 | 6369 | 4 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| IGO (ASX) Chart |