quality producer at cheap cheap prices They are currently making almost A$10/lb on their unhedged production, about 65% of that on the hedged production ( 25% ish ). Assuming they produce 9000t in the next 12 months ( ie no production growth on 2005 ) on my calculations that produces an EBIT of near on $170m !!!!!! They only have 117,300,000 fully diluted shares on issue ... they have stated publicly they want to have a VERY progressive dividend policy , at current nickel prices a 30c or even 40c div is not out of the question .... 15% div yield !!
IGO is VERY VERY cheap if current metal prices are sustainable ( if Ni averages $10lb for the rest of the year then $5 for IGO is still great value , you can buy for just over half that at present !! )
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Last
$5.91 |
Change
0.040(0.68%) |
Mkt cap ! $4.475B |
Open | High | Low | Value | Volume |
$5.75 | $5.96 | $5.66 | $26.30M | 4.370M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1500 | $5.90 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.91 | 25828 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1500 | 5.900 |
1 | 4251 | 5.880 |
1 | 6032 | 5.840 |
1 | 172 | 5.800 |
1 | 5000 | 5.780 |
Price($) | Vol. | No. |
---|---|---|
5.950 | 1680 | 1 |
5.960 | 7218 | 4 |
5.990 | 2160 | 2 |
6.000 | 1860 | 2 |
6.010 | 960 | 1 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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IGO (ASX) Chart |