Guys
Just my opinion, and I have owned IGO before...bought in when it was only 45cents, sold at $1.20....however, my view is that nickel has not experienced the speculative buying as for copper (and maybe zinc). From memory, although nickel is currently at all time high, it was not far below this level back in 2004.
Therefore, i reason that the capacity for the price to be sustained is high and with IGO's former hedging running off as we speak, there is significant upside for their profit going forward. On the exploration front they seem to be doing everything right and i was excited abou "Long South" back in 2004. Back then i spoke to company reps and was told they are very confident of finding something quite significant at Long South and if/when they do, a decent mine life will be assured. This remains a good bet in my opinion. Just got back in today.
regards
DF
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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
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| IGO (ASX) Chart |