MF,
IGO has a lot going for it imho, and is on the cusp of what looks like very substantial progress on a number of fronts. Imo the next 6 months is likely to be a very exciting time.
That said, if nickel does a big pullback (and it does look toppy to me) then a 20% pullback from wherever it is at the time would just be par for the course for IGO. I can't however see much sp retreat on any exploration disappointment. Only the pon, Tropicana or general market sentiment seems to do much for the sp imho.
I have an interesting position in STB, but haven't bought above 20, it's really hard to value, whereas IGO probably fully underpinned by Long plus cash.
EL
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Last
$5.58 |
Change
-0.280(4.78%) |
Mkt cap ! $4.225B | |||
| Open | High | Low | Value | Volume |
| $5.75 | $5.78 | $5.43 | $61.34M | 10.50M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 226098 | $5.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.58 | 139129 | 7 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| IGO (ASX) Chart |