Interesting presentation from IGO on their 1st half results, with their new CEO/MD and CFO.
As suspected the new CEO is doing a thorough review of the total operation, with exploration being one of the areas specifically mentioned. Paraphrasing but he said they are looking to get more focused on specific exploration opportunities that are both material in potential but also higher probability of success. Certainly not stopping exploration, but being more focused on where they are most confident.
With both dogleg/Merlin and Copper Wolf continuously two of the three greenfield prospects they highlight, can't see how this is a negative for BUX!
Also talked about their portfolio of materials, obviously already have a major position in lithium and nickel, but it sounds like they are definitely interested in growing their copper portfolio, his words on copper "very attractive"! Interesting for copper wolf opportunity.
BUX Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
