IGO 0.36% $5.56 igo limited

Ann: Impairment of Western Areas Assets, page-18

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    Australian Financial Review 'Miner IGO has made an early submission for M&A dunce of the year.Only 12 months after paying $1.3 billion for nickel play Western Areas, IGO will write off close to $1 billion in what is a horrible look for its board and a potentially costly waste for shareholders.'
    #SHOCKER as I have always said on Hotcopper and its WSA purchase drove me out of the stock which I had been in from as low as $2.93.
 
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