IGO 3.92% $5.64 igo limited

Buy back now to iron out shorters

  1. 192 Posts.
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    I have a question for the IGO directors. How long are you all going to sit back on your hands watching the algorithms and shorters destroy the shareholders value investments. We all know who is murdering the stock!The poor old “dumRs,” punters are bewildered after IGO posting a unbelievably great quarterly report and stock getting slaughtered. WellPunters it’s just the big hedge funds slamming the stock down, so you think: “oh must have a been a bad report”. In fact the better the report the more these parasites sell IGO down to grab your stock. Can IGO stop it. 100%. IgO can do a buy back of their own stock, using the parasites selling for IGO benefit and IGO buy the stock cheap and at same time reduce the number of shares in IGO. the parasites will then have to buy the shares back in the market. Twenty years ago there was a stock called Cudeco, they got the same treatment from a big global shorter. Cudeco directors slaughtered the shorters with $100m buyback. The shorts could not get stock back. Had to buy in market and stock soared. Can’t remember the numbers but IGO. May as well take advantage of these shorters games and soak up IGO stock now under $14 and reduce the amount of shares. PRasites then have to get whatever they can buying their short sold shares back at higher prices.I reckon around $A150m spent would iron these guys out.
 
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Last
$5.64
Change
-0.230(3.92%)
Mkt cap ! $4.270B
Open High Low Value Volume
$5.76 $5.84 $5.64 $26.26M 4.603M

Buyers (Bids)

No. Vol. Price($)
3 28870 $5.64
 

Sellers (Offers)

Price($) Vol. No.
$5.65 27843 1
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
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