IGO, like may other mining companies, has shown a startling propensity to make poor acquisitions.
Matrix Metals
Jaguar
and now Sirius.
The best asset they acquired was Long-Victor, with this providing the cash flow which allowed them to keep their equity in Tropicana, which was hidden deep in their list of assets at the IPO.
Short term thinsg wil remain tough, Long term IGO will be fine, if
1. It learns from its SP destructive forays and doesn't do this again.
2. It derives value from the existing assets by superior management.
Still over to see the Directors be in the market to buy the undervalued stock, so they can be properly aligned with shareholders. Just a dream I guess
good luck
Ann: Tropicana Gold Mine Celebrates 1 Million Ounces Milestone, page-36
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Last
$5.85 |
Change
0.210(3.72%) |
Mkt cap ! $4.430B | |||
| Open | High | Low | Value | Volume |
| $5.67 | $5.87 | $5.63 | $21.96M | 3.786M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 25950 | $5.85 |
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| Price($) | Vol. | No. |
|---|---|---|
| $5.86 | 9186 | 1 |
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